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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Metter, Business Loans > Pineland State Bank Metter Business Loans > Mac Tools Loan | ||||
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Good Banks for Cobbtown Businesses
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Borrow Money to Buy a Mac Tools FranchiseNeed a loan to purchase a Mac Tools franchise? Pineland State Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Mac Tools franchise requires some effort but others before you have been successful. In 2001, Pineland State Bank issued an SBA franchise loan to an entrepreneur in Cobbtown, Georgia. Because Mac Tools was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower MAC TOOLS SBA Loan Lender PINELAND STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 2/1/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mac Tools franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Small Business Banks in Metter, Georgia
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