Borrow Money to Buy a Snap-On-Tools Franchise

Borrowing money to invest in a Snap-On-Tools franchise? Umb Bank has a history of making these loans and they are guaranteed by the SBA.

Snap-On-Tools franchise loans are available to Kansas, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Umb Bank, based in Kansas City, Missouri, issued an SBA franchise loan for a Snap-On-Tools franchise in 2005. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

SNAP-ON TOOLS (JOE PRO TOOL)
KANSAS, KS 66109

SBA Loan Lender

UMB BANK
1010 GRAND BLVD
KANSAS CITY, MO 64106

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

8/10/2005

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Snap-On-Tools franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees 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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $120,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

Business Incubators

SBA 7A Banks in Kansas City, Missouri

Find an SBA Lender in Missouri