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December 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Cottman Transmission Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Topeka, KS Entrepreneur Gets SBA Loan to Buy Cottman Transmission FranchiseNeed a loan to purchase a Cottman Transmission franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cottman Transmission franchise is doable. In 2000, Ge Cap. Small Business Finan Corp issued an SBA franchise loan to an entrepreneur in Topeka, Kansas. Because Cottman Transmission was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis. SBA Loan Borrower COTTMAN TRANSMISSION SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7537 - Automotive Transmission Repair Shops NAICS Code 811113 - Automotive Transmission Repair Loan Approval Date 1/14/2000 Loan Approval Gross Amount $86,600 Loan Approval from the SBA Of the total $86,600 loan amount, the SBA guaranteed $69,280. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best St. Louis, Missouri Banks for Small Business
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