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May 13, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Clarkston, Business Loans > Clarkston State Bank Clarkston Business Loans > Lld Group, Inc. Loan | ||||
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Clarkston State Bank SBA Franchise Loans
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Loan to Buy Aamco Transmissions Franchise Issued By Clarkston State BankNeed a loan to buy an Aamco Transmissions franchise? Clarkston State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Flint, Michigan and are interested in buying an Aamco Transmissions franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Clarkston State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower LLD GROUP, INC. SBA Loan Lender CLARKSTON STATE BANK This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 8/8/2005 Loan Approval Gross Amount $163,000 Loan Approval from the SBA Of the total $163,000 loan amount, the SBA guaranteed $122,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $163,000. How would you spend $163,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - Getting Venture Capital SBA Banks in Clarkston, Michigan
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