Borrow Money to Buy an Aamco Transmissions Franchise

Need money to purchase an Aamco Transmissions franchise? The Citizens Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Aamco Transmissions franchise is doable. In 2006, The Citizens Savings Bank issued an SBA franchise loan to an entrepreneur in Zelienople, Pennsylvania. Because Aamco Transmissions was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

AAMCO TRANSMISSIONS
ZELIENOPLE, PA 16063

SBA Loan Lender

THE CITIZENS SAVINGS BANK
201 S 4TH AT HICKORY
MARTINS FERRY, OH 43935

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7537 - Automotive Transmission Repair Shops

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

12/13/2006

Loan Approval Gross Amount

$166,700

Loan Approval from the SBA

Of the total $166,700 loan amount, the SBA guaranteed $125,025.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

AAMCO Transmissions, Inc.

Direct Public Offerings

SBA 7A Banks for Martins Ferry, Ohio Loans

Getting an SBA Loan in Ohio