Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Lake Ann, Michigan Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Mac Tools Franchise

Borrowing money to invest in a Mac Tools franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA.

If you live near Lake Ann, Michigan and are interested in buying a Mac Tools franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Ge Cap. Small Business Finan Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MIKE'S SALES
LAKE ANN, MI 49650

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

5/4/2001

Loan Approval Gross Amount

$95,900

Loan Approval from the SBA

Of the total $95,900 loan amount, the SBA guaranteed $81,515.

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 loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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