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April 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Tully Road Aamco Transmissions Loan | ||||
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Raising Money in San Jose, California With SBA Loans
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Stearns Bank Provides SBA Loan to Buy Aamco Transmissions FranchiseNeed money to purchase an Aamco Transmissions franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Aamco Transmissions franchise loans are available to San Jose, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Stearns Bank, based in Saint Cloud, Minnesota, issued an SBA franchise loan for an Aamco Transmissions franchise in 2005. We've got all the details on this California small business loan. SBA Loan Borrower TULLY ROAD AAMCO TRANSMISSIONS SBA Loan Lender STEARNS BANK This commercial loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 11/16/2005 Loan Approval Gross Amount $272,000 Loan Approval from the SBA Of the total $272,000 loan amount, the SBA guaranteed $204,000. 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 7 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: SBA 7A Banks for Saint Cloud, Minnesota Loans
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