Branch Bank & Trust Provides SBA Loan to Buy Matco Tools rent Tools Franchise

Borrowing money to buy a Matco Tools rent Tools franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Matco Tools rent Tools franchise loans are available to Loganville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Branch Bank & Trust, based in Winston Salem, North Carolina, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2004. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

MATCO TOOLS
LOGANVILLE, GA 30052

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453998 - Store Retailers

Loan Approval Date

3/18/2004

Loan Approval Gross Amount

$109,500

Loan Approval from the SBA

Of the total $109,500 loan amount, the SBA guaranteed $54,750.

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 indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Branch Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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