Canal Winchester, OH Entrepreneur Gets SBA Loan to Buy East Of Chicago Pizza Franchise

Need a loan to buy an East Of Chicago Pizza franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an East Of Chicago Pizza franchise may simply require a phone call to a local SBA banker. In 2004, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in Canal Winchester, Ohio. Because East Of Chicago Pizza was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

EAST OF CHICAGO PIZZA CO STORE
CANAL WINCHESTER, OH 43110

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/2/2004

Loan Approval Gross Amount

$102,200

Loan Approval from the SBA

Of the total $102,200 loan amount, the SBA guaranteed $86,870.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an East Of Chicago Pizza franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Huntington National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

East of Chicago Pizza Company

Business Line of Credit

SBA 7A Banks in Columbus, Ohio

Ohio SBA 7A Lenders