Borrow Money to Buy a Matco Tools rent Tools Franchise

Borrowing money to buy a Matco Tools rent Tools franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Matco Tools rent Tools franchise? If so, here's a 2001 SBA franchise loan that you should know about. Ge Cap. Small Business Finan Corp was the lender and the entrepreneur was based in Plainfield, Indiana.

SBA Loan Borrower

MATCO
PLAINFIELD, IN 46168

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

8/10/2001

Loan Approval Gross Amount

$129,200

Loan Approval from the SBA

Of the total $129,200 loan amount, the SBA guaranteed $109,820.

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 retain 1 existing job.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ge Cap. Small Business Finan Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ge Cap. Small Business Finan Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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

Accountant's Role in Securing Financing

Small Bank Loans in St. Louis, Missouri

Find an SBA Lender in Missouri