Rancho Cucamonga, CA Entrepreneur Gets SBA Loan to Buy Aamco Transmissions Franchise

Borrowing money to purchase an Aamco Transmissions franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Rancho Cucamonga, California and are interested in buying an Aamco Transmissions franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Pacific Western Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AAMCO TRANSMISSIONS
RANCHO CUCAMONGA, CA 91730

SBA Loan Lender

PACIFIC WESTERN BANK
510 S GRAND AVE
GLENDORA, CA 91741

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

5/13/2003

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

AAMCO Transmissions, Inc.

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California SBA Bank Lenders