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December 21, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Medford, Business Loans > People's Bank Of Commerce Medford Business Loans > Snap On Tools Authorized Franc Loan | ||||
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People's Bank Of Commerce Small Business Franchise Loan
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Brookings, OR Entrepreneur Gets SBA Loan to Buy Snap-On-Tools FranchiseNeed money to buy a Snap-On-Tools franchise? People's Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. Snap-On-Tools franchise loans are available to Brookings, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, People's Bank Of Commerce, based in Medford, Oregon, issued an SBA franchise loan for a Snap-On-Tools franchise in 2005. We've got all the details on this Oregon small business loan. SBA Loan Borrower SNAP ON TOOLS AUTHORIZED FRANC SBA Loan Lender PEOPLE'S BANK OF COMMERCE 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 444130 - Hardware Stores Loan Approval Date 5/3/2005 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Snap-On-Tools franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Approved Banks in Medford, Oregon
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