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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Cupler Automotive Of Florida, Loan | ||||
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Suntrust Bank Franchise Loans
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Florida Entrepreneur Secures Financing to Buy Cottman Transmission FranchiseBorrowing money to purchase a Cottman Transmission franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Cottman Transmission franchise? If so, here's a 2005 SBA franchise loan that you should know about. Suntrust Bank was the lender and the entrepreneur was based in Oldsmar, Florida. SBA Loan Borrower CUPLER AUTOMOTIVE OF FLORIDA, SBA Loan Lender SUNTRUST BANK This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811111 - General Automotive Repair Loan Approval Date 3/25/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, if it to be, it is up to me! 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: Good Banks for Small Business in Richmond, Virginia Where to Get an SBA Loan Virginia
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