Loan to Buy True Value Hardware Franchise Issued By First National Bank - Rockies

Borrowing money to buy a True Value Hardware franchise? First National Bank - Rockies has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a True Value Hardware franchise? If so, here's a 2004 SBA franchise loan that you should know about. First National Bank - Rockies was the lender and the entrepreneur was based in Rangely, Colorado.

SBA Loan Borrower

RANGELY HARDWARE INC
RANGELY, CO 81648

SBA Loan Lender

FIRST NATIONAL BANK - ROCKIES
222 W MAIN
RANGELY, CO 81648

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/3/2004

Loan Approval Gross Amount

$316,500

Loan Approval from the SBA

Of the total $316,500 loan amount, the SBA guaranteed $237,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a True Value Hardware franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank - Rockies so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

True Value Hardware

Debt Financing

SBA 7A Lenders in Rangely, Colorado

SBA Colorado Banks