Borrow Money to Buy a Mac Tools Franchise
Borrowing money to buy a Mac Tools franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA.
If you live near Rock Springs, Wyoming and are interested in buying a Mac Tools franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Ge Cap. Small Business Finan Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
MAC TOOL DISTRIBUTOR
ROCK SPRINGS, WY 82901
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
454390 - Direct Selling Establishments
Loan Approval Date
2/2/2001
Loan Approval Gross Amount
$105,700
Loan Approval from the SBA
Of the total $105,700 loan amount, the SBA guaranteed $89,845.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mac Tools franchise. At the time of the loan, the company
had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
We can help you find the best banks for small businesses in Rock Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Mac Tools
Understanding Dilution
SBA Approved Banks in St. Louis, Missouri
Missouri SBA Bank Lenders