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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Matco Tool Distributor Loan | ||||
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Good Sources for Fort Worth SBA Loans
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Fort Worth, TX Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools FranchiseNeed money to purchase a Matco Tools rent Tools franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Matco Tools rent Tools franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of The West was the lender and the entrepreneur was based in Fort Worth, Texas. SBA Loan Borrower MATCO TOOL DISTRIBUTOR SBA Loan Lender BANK OF THE WEST This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 8/30/2002 Loan Approval Gross Amount $129,000 Loan Approval from the SBA Of the total $129,000 loan amount, the SBA guaranteed $109,650. 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 indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $129,000. How would you spend $129,000 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in San Francisco, California
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