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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Cottman Transmission Loan | ||||
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How to Get SBA Loans in St. Louis Park, Minnesota
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Citicapital Small Business Finance Provides SBA Loan to Buy Cottman Transmission FranchiseNeed a loan to purchase a Cottman Transmission franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Cottman Transmission franchise? If so, here's a 2001 SBA franchise loan that you should know about. Citicapital Small Business Finance was the lender and the entrepreneur was based in St. Louis Park, Minnesota. SBA Loan Borrower COTTMAN TRANSMISSION SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7537 - Automotive Transmission Repair Shops NAICS Code 811113 - Automotive Transmission Repair Loan Approval Date 2/23/2001 Loan Approval Gross Amount $106,000 Loan Approval from the SBA Of the total $106,000 loan amount, the SBA guaranteed $90,100. 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 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Microlending as a Small Business Funding Source Best Irving, Texas Banks for Small Business
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