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May 1, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Hillsboro, Business Loans > Ncb, Fsb Hillsboro Business Loans > Cottman Transmission Loan | ||||
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Banks for New Hope, Pennsylvania Small Business Owners
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Pennsylvania Entrepreneur Secures Financing to Buy Cottman Transmission FranchiseNeed a loan to buy a Cottman Transmission franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in New Hope, Pennsylvania needed money to invest in a Cottman Transmission franchise back in 2002. Ncb, Fsb issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower COTTMAN TRANSMISSION SBA Loan Lender NCB, FSB SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811113 - Automotive Transmission Repair Loan Approval Date 6/7/2002 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $165,000. 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 loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you 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 company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Good Banks for Small Business in Hillsboro, Ohio
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