Loan to Buy Matco Tools rent Tools Franchise Issued By Southeastern Bank

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

Matco Tools rent Tools franchise loans are available to Savannah, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Southeastern Bank, based in Brunswick, Georgia, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2005. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

MATCO
SAVANNAH, GA 31406

SBA Loan Lender

SOUTHEASTERN BANK
755 SCRANTON RD
BRUNSWICK, GA 31525

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

3/3/2005

Loan Approval Gross Amount

$133,039

Loan Approval from the SBA

Of the total $133,039 loan amount, the SBA guaranteed $113,083.

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 SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Southeastern Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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

How to Raise Money

SBA 7A Banks in Brunswick, Georgia

Georgia SBA 7A Banks