Loan to Buy Snap-On-Tools Franchise Issued By Amer National Bank - Texas

Borrowing money to buy a Snap-On-Tools franchise? Amer National Bank - Texas has a history of making these loans and they are guaranteed by the SBA.

Snap-On-Tools franchise loans are available to Forney, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amer National Bank - Texas, based in Terrell, Texas, issued an SBA franchise loan for a Snap-On-Tools franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

JIM'S TOOLS & EQUIPMENT
FORNEY, TX 75126

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
102 W MOORE
TERRELL, TX 75160

This SBA business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5013 - Motor Vehicle Supplies and New Parts

NAICS Code

421120 - Motor Vehicle Supplies and New Parts Wholesalers

Loan Approval Date

7/2/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Getting a Small Business Loan

SBA 7A Banks in Terrell, Texas

Texas SBA 7A Lenders