Borrow Money to Buy an Ace Hardware Franchise

Need a loan to invest in an Ace Hardware franchise? 1st National Bank & Trust - Broken has a history of making these loans and they are guaranteed by the SBA.

Ace Hardware franchise loans are available to Broken Arrow, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st National Bank & Trust - Broken, based in Broken Arrow, Oklahoma, issued an SBA franchise loan for an Ace Hardware franchise in 2003. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

FISHER ACE HARDWARE, INC.
BROKEN ARROW, OK 74011

SBA Loan Lender

1ST NATIONAL BANK & TRUST - BROKEN
121 S MAIN
BROKEN ARROW, OK 74012

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

1/10/2003

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 23 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st National Bank & Trust - Broken had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st National Bank & Trust - Broken 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:

ACE Hardware

Determining Proper Capital Structure for a Business

Best Banks in Broken Arrow, Oklahoma

Oklahoma SBA 7A Lenders