Borrow Money to Buy a Snap-On-Tools Franchise

Need money to invest in a Snap-On-Tools franchise? Merrimack County Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Snap-On-Tools franchise loans are available to Chichester, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Merrimack County Savings Bank, based in Concord, New Hampshire, issued an SBA franchise loan for a Snap-On-Tools franchise in 2007. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

DG TOOLS AT WORK LLC
CHICHESTER, NH 03258

SBA Loan Lender

MERRIMACK COUNTY SAVINGS BANK
89 N MAIN ST
CONCORD, NH 03301

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

423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers

Loan Approval Date

9/27/2007

Loan Approval Gross Amount

$132,000

Loan Approval from the SBA

Of the total $132,000 loan amount, the SBA guaranteed $112,200.

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.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Chichester or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Snap-on-Tools Company

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