Loan to Buy Matco Tools rent Tools Franchise Issued By National City Bank

Need money to buy a Matco Tools rent Tools franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lowber, Pennsylvania needed money to invest in a Matco Tools rent Tools franchise back in 2004. National City Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

ROBERT A SEANOR
LOWBER, PA 15660

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

444130 - Hardware Stores

Loan Approval Date

8/26/2004

Loan Approval Gross Amount

$68,500

Loan Approval from the SBA

Of the total $68,500 loan amount, the SBA guaranteed $34,250.

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. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Lowber PA, you ought to talk with a local Lowber SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lowber businesses.

This SBA loan was for $68,500. How would you spend $68,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

SBIR Funding

Good Banks for Small Business in Erie, Pennsylvania

SBA Pennsylvania Banks