Borrow Money to Buy an Aamco Transmissions Franchise

Need a loan to invest in an Aamco Transmissions franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Aamco Transmissions franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Austin, Texas, issued an SBA franchise loan for an Aamco Transmissions franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

AAMCO TRANSMISSION
1377 SOUTH LOOP WEST
HOUSTON, TX 77054

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

8/21/2001

Loan Approval Gross Amount

$133,300

Loan Approval from the SBA

Of the total $133,300 loan amount, the SBA guaranteed $66,650.

More Information on This SBA Loan

The borrower, Aamco Transmission, 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 indicated that the loan would help generate 5 new jobs and retain 4 existing jobs. This loan was paid in full, and was closed out on 6/21/2002.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

AAMCO Transmissions, Inc.

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SBA 7A Lenders in Austin, Texas

SBA Participating Banks in Texas

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