Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Raising Money in Oldsmar, Florida With SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Cottman Transmission Franchise Issued By Citicapital Small Business Finance

Need a loan to invest in a Cottman Transmission franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA.

Cottman Transmission franchise loans are available to Oldsmar, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citicapital Small Business Finance, based in Irving, Texas, issued an SBA franchise loan for a Cottman Transmission franchise in 2000. We've got all the details on this Florida small business loan.

SBA Loan Borrower

COTTMAN TRANSMISSION
OLDSMAR, FL 34677

SBA Loan Lender

CITICAPITAL SMALL BUSINESS FINANCE
250 E CARPENTER FRWY, STE 115
IRVING, TX 75062

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

10/11/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citicapital Small Business Finance and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Cottman Transmissions

Accountant's Role in Securing Financing

Find an SBA Lender in Irving, Texas

Texas SBA 7A Banks