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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Columbia, Business Loans > Bank Of America Columbia Business Loans > Matco Tools Loan | ||||
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Where Can I Find Franchise Loans in Carrollton, Texas?
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Carrollton, TX Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools FranchiseNeed money to invest in a Matco Tools rent Tools franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Matco Tools rent Tools franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Carrollton, Texas. SBA Loan Borrower MATCO TOOLS SBA Loan Lender BANK OF AMERICA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421830 - Industrial Machinery and Equipment Wholesalers Loan Approval Date 6/10/2002 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. 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 did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Where to Get an SBA Loan in Columbia, South Carolina
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