Rock Falls, IL Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools Franchise

Need money to purchase a Matco Tools rent Tools franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA.

Matco Tools rent Tools franchise loans are available to Rock Falls, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Merrill Lynch Bank Usa, based in Salt Lake City, Utah, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2002. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

MATCO TOOLS
ROCK FALLS, IL 61071

SBA Loan Lender

MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

9/11/2002

Loan Approval Gross Amount

$134,700

Loan Approval from the SBA

Of the total $134,700 loan amount, the SBA guaranteed $114,495.

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 loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Rock Falls IL, you ought to talk with a local Rock Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rock Falls businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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:

Matco Tools

Strategic Investors

SBA Banks in Salt Lake City, Utah

SBA Participating Banks in Utah