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May 4, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Salineville, Business Loans > The Huntington National Bank Salineville Business Loans > Alphagraphics Loan | ||||
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Akron, Ohio Bank Loan
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Borrow Money to Buy an Alphagrafics, Printshops Of The Futu FranchiseNeed money to purchase an Alphagrafics, Printshops Of The Futu franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Akron, Ohio needed money to invest in an Alphagrafics, Printshops Of The Futu franchise back in 2001. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower ALPHAGRAPHICS SBA Loan Lender THE HUNTINGTON NATIONAL BANK This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422110 - Printing and Writing Paper Wholesalers Loan Approval Date 8/29/2001 Loan Approval Gross Amount $521,800 Loan Approval from the SBA Of the total $521,800 loan amount, the SBA guaranteed $391,350. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Alphagrafics, Printshops Of The Futu franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Where to Get an SBA Loan in Salineville, Ohio Browse All Business Loan Sources for Ohio
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