Loan to Buy A+ Transmission Franchise Issued By Washington Mutual Bank

Borrowing money to purchase an A+ Transmission franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an A+ Transmission franchise requires some effort but others before you have been successful. In 2000, Washington Mutual Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because A+ Transmission was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

A+ TRANSMISSION NORTH HOUSTON
HOUSTON, TX 77068

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

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

811113 - Automotive Transmission Repair

Loan Approval Date

11/14/2000

Loan Approval Gross Amount

$250,600

Loan Approval from the SBA

Of the total $250,600 loan amount, the SBA guaranteed $187,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an A+ Transmission franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Washington Mutual Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

A+ Transmission

The Art of Bootstrapping

SBA 7A Banks in Henderson, Nevada

Getting an SBA Loan in Nevada