Borrow Money to Buy an Ace Hardware Franchise

Need a loan to purchase an Ace Hardware franchise? Rocky Mountain Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Riverton, Wyoming needed money to invest in an Ace Hardware franchise back in 2000. Rocky Mountain Bank issued an SBA franchise loan. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

RIVERTON ACE HARDWARE, LLC
RIVERTON, WY 82501

SBA Loan Lender

ROCKY MOUNTAIN BANK
2515 FOOTHILL BLVD
ROCK SPRINGS, WY 82901

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

5/8/2000

Loan Approval Gross Amount

$400,631

Loan Approval from the SBA

Of the total $400,631 loan amount, the SBA guaranteed $300,473.

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 8 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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

The Friends and Family Network

Who Lends Money to Small Businesses in Rock Springs, Wyoming

Wyoming SBA 7A Banks