Kennewick, WA Entrepreneur Gets SBA Loan to Buy Mac Tools Franchise

Need a loan to invest in a Mac Tools franchise? Banner Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mac Tools franchise shouldn't be too tough. In 2001, Banner Bank issued an SBA franchise loan to an entrepreneur in Kennewick, Washington. Because Mac Tools was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

DAN FLANIGAN MAC TOOLS
KENNEWICK, WA 99337

SBA Loan Lender

BANNER BANK
202 KIRKLAND AVE
KIRKLAND, WA 98033

This loan for a small business was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421710 - Hardware Wholesalers

Loan Approval Date

4/3/2001

Loan Approval Gross Amount

$69,300

Loan Approval from the SBA

Of the total $69,300 loan amount, the SBA guaranteed $58,905.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mac 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 planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 $69,300 loan. Remember, anyone can do it... so why not 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:

Mac Tools

Small Business Credit Cards

Good Banks for Small Business in Kirkland, Washington

Washington SBA Bank Lenders