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April 25, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Carrington, Business Loans > Bremer Bank Carrington Business Loans > Snap-On-Tools Loan | ||||
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SBA 7A Banks in North Dakota
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Bremer Bank Provides SBA Loan to Buy Snap-On-Tools FranchiseNeed money to buy a Snap-On-Tools franchise? Bremer Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Snap-On-Tools franchise is doable. In 2003, Bremer Bank issued an SBA franchise loan to an entrepreneur in Sheyenne, North Dakota. Because Snap-On-Tools was registered with the SBA's registry of franchises, this North Dakota small business loan was issued on an expedited basis. SBA Loan Borrower SNAP-ON-TOOLS SBA Loan Lender BREMER BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421710 - Hardware Wholesalers Loan Approval Date 1/3/2003 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Snap-On-Tools franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bremer Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Banks for Carrington, North Dakota Loans
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