Massachusetts Entrepreneur Secures Financing to Buy Cottman Transmission Franchise
Need money to buy a Cottman Transmission franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Worcester, Massachusetts needed money to invest in a Cottman Transmission franchise back in 2006. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.
SBA Loan Borrower
WORCESTER, MA 01602
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
811113 - Automotive Transmission Repair
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $198,000 loan amount, the SBA guaranteed $148,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company
had 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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.
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Pennsylvania SBA 7A Lenders