Ge Cap. Small Business Finan Corp Provides SBA Loan to Buy Matco Tools rent Tools Franchise
Borrowing money to buy 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 may simply require a phone call to a local SBA banker. In 2003, Ge Cap. Small Business Finan Corp issued an SBA franchise loan to an entrepreneur in Bellingham, Massachusetts. Because Matco Tools rent Tools was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.
SBA Loan Borrower
MATCO TOOLS
BELLINGHAM, MA 02019
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
454390 - Direct Selling Establishments
Loan Approval Date
5/21/2003
Loan Approval Gross Amount
$135,600
Loan Approval from the SBA
Of the total $135,600 loan amount, the SBA guaranteed $115,260.
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 indicated that the loan would help generate 1 new job and retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ge Cap. Small Business Finan Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ge Cap. Small Business Finan Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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
SBIR Funding
Small Business Banks in St. Louis, Missouri
Getting an SBA Loan in Missouri