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May 4, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Aamco Transmissions Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Texas Entrepreneur Secures Financing to Buy Aamco Transmissions FranchiseNeed a loan to purchase an Aamco Transmissions franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. If you live near Katy, Texas and are interested in buying an Aamco Transmissions franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Citicapital Small Business Finance. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower AAMCO TRANSMISSIONS SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811113 - Automotive Transmission Repair Loan Approval Date 3/21/2001 Loan Approval Gross Amount $129,000 Loan Approval from the SBA Of the total $129,000 loan amount, the SBA guaranteed $109,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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: Dealing With Venture Capitalists Good Banks for Small Business in Irving, Texas
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