Borrow Money to Buy an Ace Hardware Franchise

Need money to purchase an Ace Hardware franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Ace Hardware franchise shouldn't be too tough. In 2005, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in Florence, Kentucky. Because Ace Hardware was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

ACE HARDWARE, FLORENCE
FLORENCE, KY 41042

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

12/8/2005

Loan Approval Gross Amount

$445,600

Loan Approval from the SBA

Of the total $445,600 loan amount, the SBA guaranteed $334,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

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:

ACE Hardware

Advice on Getting a Small Business Loan

SBA 7A Banks in Columbus, Ohio

SBA Lenders in Ohio