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May 5, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Aamco Transmissions Loan | ||||
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Valley National Bank Franchise Business Loans
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Flemington, NJ Entrepreneur Gets SBA Loan to Buy Aamco Transmissions FranchiseBorrowing money to buy an Aamco Transmissions franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. Aamco Transmissions franchise loans are available to Flemington, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Valley National Bank, based in North Plainfield, New Jersey, issued an SBA franchise loan for an Aamco Transmissions franchise in 2004. We've got all the details on this New Jersey small business loan. SBA Loan Borrower AAMCO TRANSMISSIONS SBA Loan Lender VALLEY NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 10/25/2004 Loan Approval Gross Amount $161,000 Loan Approval from the SBA Of the total $161,000 loan amount, the SBA guaranteed $120,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Valley National Bank and they will explain how you can get an SBA loan for your company. 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in North Plainfield, New Jersey Browse All Business Loan Sources for New Jersey
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