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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Authorized Distributor Matco T Loan | ||||
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Texas Small Business Funding for Franchises
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Citicapital Small Business Finance Provides SBA Loan to Buy Matco Tools rent Tools FranchiseNeed money to purchase a Matco Tools rent Tools franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Corpus Christi, Texas needed money to invest in a Matco Tools rent Tools franchise back in 2000. Citicapital Small Business Finance issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower AUTHORIZED DISTRIBUTOR MATCO T SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE 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 5531 - Auto and Home Supply Stores Loan Approval Date 9/12/2000 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $44,000. 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. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $55,000. How would you spend $55,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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