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April 27, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Authorized Distributor Matco T Loan | ||||
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Banks for Lexington, North Carolina Small Businesses
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Loan to Buy Matco Tools rent Tools Franchise Issued By Citicapital Small Business FinanceNeed money to invest in a Matco Tools rent Tools franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. Matco Tools rent Tools franchise loans are available to Lexington, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citicapital Small Business Finance, based in Irving, Texas, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2001. We've got all the details on this North Carolina small business loan. SBA Loan Borrower AUTHORIZED DISTRIBUTOR MATCO T SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3423 - Hand and Edge Tools NAICS Code 332212 - Hand and Edge Tool Manufacturing Loan Approval Date 4/3/2001 Loan Approval Gross Amount $39,000 Loan Approval from the SBA Of the total $39,000 loan amount, the SBA guaranteed $33,150. 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 loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citicapital Small Business Finance are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: How Much Venture Capital Is There? SBA 7A Banks for Irving, Texas Loans Browse All Business Loan Sources for Texas
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