Bangor Savings Bank Provides SBA Loan to Buy Mac Tools Franchise

Borrowing money to buy a Mac Tools franchise? Bangor Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Mac Tools franchise loans are available to Alton, Maine entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bangor Savings Bank, based in Bangor, Maine, issued an SBA franchise loan for a Mac Tools franchise in 2003. We've got all the details on this Maine small business loan.

SBA Loan Borrower

RKM SUPPLY
ALTON, ME 04468

SBA Loan Lender

BANGOR SAVINGS BANK
99 FRANKLIN ST
BANGOR, ME 04401

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

12/5/2003

Loan Approval Gross Amount

$66,600

Loan Approval from the SBA

Of the total $66,600 loan amount, the SBA guaranteed $33,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mac Tools franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Mac Tools

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SBA Participating Banks in Maine