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May 1, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Matco Tools Loan | ||||
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North Dakota Small Business Funding for Franchises
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Bismark, ND Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools FranchiseNeed money to invest in a Matco Tools rent Tools franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Bismark, North Dakota needed money to invest in a Matco Tools rent Tools franchise back in 2002. Bank Of The West issued an SBA franchise loan. Here are the details on this North Dakota small business loan. SBA Loan Borrower MATCO TOOLS SBA Loan Lender BANK OF THE WEST This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 6/25/2002 Loan Approval Gross Amount $131,500 Loan Approval from the SBA Of the total $131,500 loan amount, the SBA guaranteed $111,775. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Matco Tools rent Tools franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The West and they will explain how you can get an SBA loan for your company. 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: Best Banks in San Francisco, California
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