Murfreesboro, NC Entrepreneur Gets SBA Loan to Buy Ace Hardware Franchise

Need money to invest in an Ace Hardware franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

Ace Hardware franchise loans are available to Murfreesboro, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ncb, Fsb, based in Hillsboro, Ohio, issued an SBA franchise loan for an Ace Hardware franchise in 2002. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

NORTHEASTERN INVESTMENTS, INC.
MURFREESBORO, NC 27855

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

5/17/2002

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

ACE Hardware

Obtaining Funding From a Venture Capitalist

SBA 7A Lenders in Hillsboro, Ohio

Getting a Business Loan in Ohio