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March 29, 2024  
 
 
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Loan Census SBA Loan Info

Loan to Buy Aamco Transmissions Franchise Issued By Heritage Bank Of Commerce

Borrowing money to buy an Aamco Transmissions franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Francisco, California needed money to invest in an Aamco Transmissions franchise back in 2004. Heritage Bank Of Commerce issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

AAMCO-SAN FRANCISCO
SAN FRANCISCO, CA 94109

SBA Loan Lender

HERITAGE BANK OF COMMERCE
150 ALMADEN BLVD
SAN JOSE, CA 95113

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

2/20/2004

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $225,000 loan. Remember, fight for what you want, and it will be yours!

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:

AAMCO Transmissions, Inc.

Borrowing Money from Friends and Family

Find an SBA Lender in San Jose, California

Getting an SBA Loan in California