New Hampshire Entrepreneur Secures Financing to Buy Matco Tools rent Tools Franchise

Borrowing money to invest in a Matco Tools rent Tools franchise? Laconia Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Matco Tools rent Tools franchise shouldn't be too tough. In 2006, Laconia Savings Bank issued an SBA franchise loan to an entrepreneur in Gilmanton, New Hampshire. Because Matco Tools rent Tools was registered with the SBA's registry of franchises, this New Hampshire small business loan was issued on an expedited basis.

SBA Loan Borrower

MATCO TOOLS
GILMANTON, NH 03837

SBA Loan Lender

LACONIA SAVINGS BANK
62 PLEASANT ST
LACONIA, NH 03246

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

425120 - Wholesale Trade Agents and Brokers

Loan Approval Date

2/17/2006

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $42,500.

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 indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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