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May 1, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > The Frost National Bank San Antonio Business Loans > Cottman Transmission Center Loan | ||||
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I Need a Business Loan to Buy a Franchise in Mansfield, Texas
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Borrow Money to Buy a Cottman Transmission FranchiseNeed a loan to buy a Cottman Transmission franchise? The Frost National Bank 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 2001, The Frost National Bank issued an SBA franchise loan to an entrepreneur in Mansfield, 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 CENTER SBA Loan Lender THE FROST NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811113 - Automotive Transmission Repair Loan Approval Date 10/15/2001 Loan Approval Gross Amount $478,000 Loan Approval from the SBA Of the total $478,000 loan amount, the SBA guaranteed $358,500. 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 application for the borrower indicated that the funding would help generate 4 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 $478,000 loan. Remember, things become real when you believe you can achieve them! 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: Find an SBA Lender in San Antonio, Texas Browse All Business Loan Sources for Texas
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