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May 2, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > East Berlin, Business Loans > Susquehanna Bank Pa East Berlin Business Loans > Cottman Transmission Loan | ||||
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York, Pennsylvania Bank Loan
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Borrow Money to Buy a Cottman Transmission FranchiseNeed money to purchase a Cottman Transmission franchise? Susquehanna Bank Pa has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cottman Transmission franchise may simply require a phone call to a local SBA banker. In 2002, Susquehanna Bank Pa issued an SBA franchise loan to an entrepreneur in York, Pennsylvania. Because Cottman Transmission was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis. SBA Loan Borrower COTTMAN TRANSMISSION SBA Loan Lender SUSQUEHANNA BANK PA This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. 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 2/14/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Good Banks for Small Business in East Berlin, Pennsylvania
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