Borrow Money to Buy a Matco Tools rent Tools Franchise

Borrowing money to purchase a Matco Tools rent Tools franchise? First Commonwealth Bank has a history of making these loans and they are guaranteed by the SBA.

Matco Tools rent Tools franchise loans are available to Harrisonville, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Commonwealth Bank, based in Hollidaysburg, Pennsylvania, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2003. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

ALAN G SHIVES
HARRISONVILLE, PA 17228

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

454390 - Direct Selling Establishments

Loan Approval Date

3/21/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $32,500.

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

If you need business start up money in Harrisonville PA, you ought to talk with a local Harrisonville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Harrisonville businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $65,000 loan. Remember, feel the fear, and do it anyway.

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

Investor Turnoffs

Who Lends Money to Small Businesses in Hollidaysburg, Pennsylvania

SBA Pennsylvania Banks