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May 5, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Alpharetta, Business Loans > North Atlanta National Bank Alpharetta Business Loans > Cottman Transmissions Loan | ||||
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How to Get SBA Loans in Roswell, Georgia
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Roswell, GA Entrepreneur Gets SBA Loan to Buy Cottman Transmission FranchiseNeed money to invest in a Cottman Transmission franchise? North Atlanta 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 2003, North Atlanta National Bank issued an SBA franchise loan to an entrepreneur in Roswell, Georgia. Because Cottman Transmission was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower COTTMAN TRANSMISSIONS SBA Loan Lender NORTH ATLANTA NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan 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 3/21/2003 Loan Approval Gross Amount $185,000 Loan Approval from the SBA Of the total $185,000 loan amount, the SBA guaranteed $138,750. 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 did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours 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: Advice on Getting a Small Business Loan SBA 7A Banks in Alpharetta, Georgia
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