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November 22, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Kevin E. Perdue Dba Matco Tool Loan | ||||
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How Much Does It Cost to Buy a Franchise in Medina, Ohio?
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Medina, OH Entrepreneur Gets SBA Loan to Buy Snap-On-Tools FranchiseBorrowing money to purchase a Snap-On-Tools franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Medina, Ohio needed money to invest in a Snap-On-Tools franchise back in 2005. Rbs Citizens issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower KEVIN E. PERDUE DBA MATCO TOOL SBA Loan Lender RBS CITIZENS This SBA 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 425110 - Business to Business Electronic Markets Loan Approval Date 1/13/2005 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $2,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 SBA loan documents indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 $5,000 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: SBA Banks in Providence, Rhode Island
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