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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Cottman Transmission Loan | ||||
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Business Loans for Lewisville Businesses
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Texas Entrepreneur Secures Financing to Buy Cottman Transmission FranchiseNeed a loan to invest in a Cottman Transmission franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cottman Transmission franchise shouldn't be too tough. In 2001, Business Lenders, LLC issued an SBA franchise loan to an entrepreneur in Lewisville, Texas. Because Cottman Transmission was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower COTTMAN TRANSMISSION SBA Loan Lender BUSINESS LENDERS, LLC This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811113 - Automotive Transmission Repair Loan Approval Date 7/3/2001 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 a new business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help generate 3 new jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Borrowing Money from Friends and Family Good Banks for Small Business in Hartford, Connecticut Where to Get an SBA Loan Connecticut
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