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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Matco Tools Loan | ||||
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Small Business Banks for Mayfield, New York Small Business Owners
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New York Entrepreneur Secures Financing to Buy Matco Tools rent Tools FranchiseNeed a loan to invest in a Matco Tools rent Tools franchise? Isn Bank has a history of making these loans and they are guaranteed by the SBA. Matco Tools rent Tools franchise loans are available to Mayfield, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Isn Bank, based in Cherry Hill, New Jersey, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2004. We've got all the details on this New York small business loan. SBA Loan Borrower MATCO TOOLS SBA Loan Lender ISN BANK This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5072 - Hardware NAICS Code 421710 - Hardware Wholesalers Loan Approval Date 6/25/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $125,000 loan. Remember, if it to be, it is up to me! 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: Small Business Banks in Cherry Hill, New Jersey
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