Loan to Buy Matco Tools rent Tools Franchise Issued By Northway Bank
Need money to purchase a Matco Tools rent Tools franchise? Northway Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Belmont, New Hampshire needed money to invest in a Matco Tools rent Tools franchise back in 2002. Northway Bank issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.
SBA Loan Borrower
MATCO TOOLS
BELMONT, NH 03220
SBA Loan Lender
NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3599 - Industrial and Commercial Machinery and Equipment
NAICS Code
332710 - Machine Shops
Loan Approval Date
1/31/2002
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Northway Bank and they will explain how you can get an SBA loan for your company.
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:
Matco Tools
Debt Financing
SBA Approved Banks in Berlin, New Hampshire
New Hampshire SBA Bank Lenders