Washington Entrepreneur Secures Financing to Buy Ace Hardware Franchise

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

Ace Hardware franchise loans are available to Republic, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Medford, Oregon, issued an SBA franchise loan for an Ace Hardware franchise in 2002. We've got all the details on this Washington small business loan.

SBA Loan Borrower

REPUBLIC HARDWARE & BUILDING S
REPUBLIC, WA 99166

SBA Loan Lender

WASHINGTON MUTUAL BANK
601 CRATER LAKE AVE
MEDFORD, OR 97504

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

8/16/2002

Loan Approval Gross Amount

$1,066,000

Loan Approval from the SBA

Of the total $1,066,000 loan amount, the SBA guaranteed $799,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Small Business Loan

Who Lends Money to Small Businesses in Medford, Oregon

Oregon SBA 7A Banks