Loan to Buy Matco Tools rent Tools Franchise Issued By Branch Bank & Trust
Need money to purchase a Matco Tools rent Tools franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Matco Tools rent Tools franchise shouldn't be overly burdensome. In 2004, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Thomasville, North Carolina. Because Matco Tools rent Tools was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.
SBA Loan Borrower
ERIC SCOTT VICKERS
THOMASVILLE, NC 27360
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
423490 - Professional Equipment and Supplies Merchant Wholesalers
Loan Approval Date
8/4/2004
Loan Approval Gross Amount
$70,000
Loan Approval from the SBA
Of the total $70,000 loan amount, the SBA guaranteed $35,000.
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.
Great, But How Can I Get an SBA Loan for My Business?
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? 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
Obtaining Funding From a Venture Capitalist
Where to Get an SBA Loan in Winston Salem, North Carolina
SBA Lenders in North Carolina