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April 28, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Matco Tools Loan | ||||
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Requirements for Financing a Franchise
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Arizona Entrepreneur Secures Financing to Buy Matco Tools rent Tools FranchiseNeed money to invest in a Matco Tools rent Tools franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Glendale, Arizona needed money to invest in a Matco Tools rent Tools franchise back in 2002. Ge Cap. Small Business Finan Corp issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower MATCO TOOLS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP 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 10/30/2002 Loan Approval Gross Amount $122,900 Loan Approval from the SBA Of the total $122,900 loan amount, the SBA guaranteed $104,465. 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. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours 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: Best Banks in St. Louis, Missouri SBA Participating Banks in Missouri
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