Hinesville, GA Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools Franchise

Need money to purchase a Matco Tools rent Tools franchise? The Heritage Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Hinesville, Georgia and are interested in buying a Matco Tools rent Tools franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by The Heritage Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MATCO TOOLS DISTRIBUTOR
HINESVILLE, GA 31313

SBA Loan Lender

THE HERITAGE BANK
300 S MAIN ST
HINESVILLE, GA 31313

This lender issued this particular 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.

SIC Code

5072 - Hardware

NAICS Code

421710 - Hardware Wholesalers

Loan Approval Date

12/11/2000

Loan Approval Gross Amount

$62,640

Loan Approval from the SBA

Of the total $62,640 loan amount, the SBA guaranteed $50,112.

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 business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $62,640. How would you spend $62,640 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.

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