Bank Of The West Provides SBA Loan to Buy Matco Tools rent Tools Franchise
Need money to invest in a Matco Tools rent Tools franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Matco Tools rent Tools franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of The West was the lender and the entrepreneur was based in Annapolis, Maryland.
SBA Loan Borrower
MATCO TOOLS
ANNAPOLIS, MD 21401
SBA Loan Lender
BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
454390 - Direct Selling Establishments
Loan Approval Date
7/2/2002
Loan Approval Gross Amount
$131,000
Loan Approval from the SBA
Of the total $131,000 loan amount, the SBA guaranteed $111,350.
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 indicated that the loan would help retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $131,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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
Startup Funding Tip
Banks in San Francisco, California
Where to Get an SBA Loan California