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April 27, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Tw Group Inc Loan | ||||
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Raising Money in Akron, Ohio With SBA Loans
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Akron, OH Entrepreneur Gets SBA Loan to Buy My Girlfriends Kitchens FranchiseNeed a loan to purchase a My Girlfriends Kitchens franchise? Stearns 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 a My Girlfriends Kitchens franchise back in 2007. Stearns Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower TW GROUP INC SBA Loan Lender STEARNS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311991 - Perishable Prepared Food Manufacturing Loan Approval Date 5/3/2007 Loan Approval Gross Amount $301,500 Loan Approval from the SBA Of the total $301,500 loan amount, the SBA guaranteed $226,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a My Girlfriends Kitchens franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, 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: Determining Proper Capital Structure for a Business SBA 7A Banks for Saint Cloud, Minnesota Loans
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