Townsend, GA Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools Franchise

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

An entrepreneur in Townsend, Georgia needed money to invest in a Matco Tools rent Tools franchise back in 2003. Southeastern Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

MATCO TOOLS
TOWNSEND, GA 31331

SBA Loan Lender

SOUTHEASTERN BANK
1010 NORTHWAY ST
DARIEN, GA 31305

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

8/26/2003

Loan Approval Gross Amount

$75,600

Loan Approval from the SBA

Of the total $75,600 loan amount, the SBA guaranteed $64,260.

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 business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Role of Business Plan When Raising Money

Best Darien, Georgia Banks for Small Business

SBA Georgia Banks