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April 28, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > A-G-N Tools Loan | ||||
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Tips for Financing a Franchise
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Nevada Entrepreneur Secures Financing to Buy Matco Tools rent Tools FranchiseNeed money to invest in a Matco Tools rent Tools franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Henderson, Nevada needed money to invest in a Matco Tools rent Tools franchise back in 2000. Citicapital Small Business Finance issued an SBA franchise loan. Here are the details on this Nevada small business loan. SBA Loan Borrower A-G-N TOOLS SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3432 - Plumbing Fixture Fittings and Trim NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 10/6/2000 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $28,000. 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 small business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $35,000 loan. Remember, things become real when you believe you can achieve them! 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: Advice on Getting a Small Business Loan
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