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April 25, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Mr Transmission Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Branch Bank & Trust Provides SBA Loan to Buy Mr. Transmission FranchiseNeed a loan to invest in a Mr. Transmission franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Snellville, Georgia needed money to invest in a Mr. Transmission franchise back in 2002. Branch Bank & Trust issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower MR TRANSMISSION SBA Loan Lender BRANCH BANK & TRUST This lender provides SBA bank 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 811113 - Automotive Transmission Repair Loan Approval Date 3/15/2002 Loan Approval Gross Amount $172,500 Loan Approval from the SBA Of the total $172,500 loan amount, the SBA guaranteed $129,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Transmission franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $172,500 loan. Remember, you control your own destiny. 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: Who Lends Money to Small Businesses in Winston Salem, North Carolina
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