Loan Census Banking News and Information
May 9, 2024  
 
 
  Business Loan Information  
 

How Can I Buy a Franchise in Oakland Park, Florida?

 

 
Loan Census SBA Loan Info

Ge Cap. Small Business Finan Corp Provides SBA Loan to Buy Matco Tools rent Tools Franchise

Need 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.

Getting money to buy a Matco Tools rent Tools franchise is doable. In 2003, Ge Cap. Small Business Finan Corp issued an SBA franchise loan to an entrepreneur in Oakland Park, Florida. Because Matco Tools rent Tools was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

MATCO TOOLS
OAKLAND PARK, FL 33334

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$130,700

Loan Approval from the SBA

Of the total $130,700 loan amount, the SBA guaranteed $111,095.

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.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Matco Tools

The Art of Bootstrapping

Good Banks for Small Business in St. Louis, Missouri

Getting an SBA Loan in Missouri