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May 1, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Matco Tools Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Loan to Buy Matco Tools rent Tools Franchise Issued By Bank Of The WestNeed money to buy a Matco Tools rent Tools franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Matco Tools rent Tools franchise loans are available to Sheridan, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The West, based in San Francisco, California, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2002. We've got all the details on this Michigan small business loan. SBA Loan Borrower MATCO TOOLS SBA Loan Lender BANK OF THE WEST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 7/18/2002 Loan Approval Gross Amount $135,500 Loan Approval from the SBA Of the total $135,500 loan amount, the SBA guaranteed $115,175. 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 application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of The West and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Getting Venture Capital Best San Francisco, California Banks for Small Business
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