Washington Entrepreneur Secures Financing to Buy Ace Hardware Franchise

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

Getting money to buy an Ace Hardware franchise may simply require a phone call to a local SBA banker. In 2006, Bank Of Whitman issued an SBA franchise loan to an entrepreneur in Pullman, Washington. Because Ace Hardware was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

HENRY'S HARDWARE-PULLMAN LLC
PULLMAN, WA 99163

SBA Loan Lender

BANK OF WHITMAN
201 S MAIN ST
COLFAX, WA 99111

This lender provides SBA guaranteed business loans 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

444130 - Hardware Stores

Loan Approval Date

11/21/2006

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 15 employees. This SBA loan request indicated that the borrowed money would help generate 15 new jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of Whitman are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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:

ACE Hardware

Accountant's Role in Securing Financing

Banks in Colfax, Washington

Where to Get an SBA Loan Washington