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April 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Mr Transmission Loan | ||||
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Good Sources for Chicago SBA Loans
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Loan to Buy Mr. Transmission Franchise Issued By Fifth Third BankNeed money to purchase a Mr. Transmission franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chicago, Illinois needed money to invest in a Mr. Transmission franchise back in 2004. Fifth Third Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower MR TRANSMISSION SBA Loan Lender FIFTH THIRD BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 10/12/2004 Loan Approval Gross Amount $221,000 Loan Approval from the SBA Of the total $221,000 loan amount, the SBA guaranteed $165,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mr. Transmission franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? 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: Banks in Grand Rapids, Michigan
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