Loan to Buy Matco Tools rent Tools Franchise Issued By Citicapital Small Business Finance

Need money to buy a Matco Tools rent Tools franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA.

Matco Tools rent Tools franchise loans are available to Eunice, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citicapital Small Business Finance, based in Irving, Texas, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2000. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

AUTHORIZED DISTRIBUTOR MATCO T
EUNICE, LA 70535

SBA Loan Lender

CITICAPITAL SMALL BUSINESS FINANCE
250 E CARPENTER FRWY, STE 115
IRVING, TX 75062

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

Loan Approval Date

7/20/2000

Loan Approval Gross Amount

$41,500

Loan Approval from the SBA

Of the total $41,500 loan amount, the SBA guaranteed $33,200.

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. This SBA loan request did not indicate that the business promised 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?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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

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Find an SBA Lender in Irving, Texas

Where to Get an SBA Loan Texas