Oro Valley, AZ Entrepreneur Gets SBA Loan to Buy Ace Hardware Franchise

Need money to buy an Ace Hardware franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Ace Hardware franchise is doable. In 2007, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Oro Valley, Arizona. Because Ace Hardware was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

ORO VALLEY ACE HARDWARE
Oro Valley, AZ 85737

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

7/26/2007

Loan Approval Gross Amount

$652,400

Loan Approval from the SBA

Of the total $652,400 loan amount, the SBA guaranteed $489,300.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Oro Valley AZ, you ought to talk with a local Oro Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oro Valley businesses.

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 $652,400 loan. Remember, if it to be, it is up to me!

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

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Where to Get an SBA Loan in Sioux Falls, South Dakota

SBA Participating Banks in South Dakota