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April 27, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Todd M Fulton Operatings As A Loan | ||||
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I Need a Business Loan to Buy a Franchise in Ankeny, Iowa
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Ankeny, IA Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools FranchiseBorrowing 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. An entrepreneur in Ankeny, Iowa needed money to invest in a Matco Tools rent Tools franchise back in 2001. Bank Of The West issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower TODD M FULTON OPERATINGS AS A SBA Loan Lender BANK OF THE WEST 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 6/21/2001 Loan Approval Gross Amount $129,900 Loan Approval from the SBA Of the total $129,900 loan amount, the SBA guaranteed $110,415. 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. This SBA loan request indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 - How to Decide How Much to Raise Best Banks for Small Business in San Francisco, California Browse All Business Loan Sources for California
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