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November 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Winston Salem, Business Loans > Southern Commun Bank & Tr Winston Salem Business Loans > Snap On Tools Loan | ||||
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Winston-Salem, North Carolina Bank Loan
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North Carolina Entrepreneur Secures Financing to Buy Snap-On-Tools FranchiseNeed money to invest in a Snap-On-Tools franchise? Southern Commun Bank & Tr has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Snap-On-Tools franchise? If so, here's a 2000 SBA franchise loan that you should know about. Southern Commun Bank & Tr was the lender and the entrepreneur was based in Winston-Salem, North Carolina. SBA Loan Borrower SNAP ON TOOLS SBA Loan Lender SOUTHERN COMMUN BANK & TR 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. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 4/11/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Snap-On-Tools franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: SBA Banks in Winston Salem, North Carolina
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