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May 3, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > Ritter's Frozen Custard Loan | ||||
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How to Get SBA Loans in Columbus, Ohio
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Columbus, OH Entrepreneur Gets SBA Loan to Buy Ritter's Frozen Custard FranchiseNeed money to purchase a Ritter's Frozen Custard franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Ritter's Frozen Custard franchise loans are available to Columbus, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Ritter's Frozen Custard franchise in 2002. We've got all the details on this Ohio small business loan. SBA Loan Borrower RITTER'S FROZEN CUSTARD SBA Loan Lender WELLS FARGO BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/4/2002 Loan Approval Gross Amount $917,000 Loan Approval from the SBA Of the total $917,000 loan amount, the SBA guaranteed $687,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Ritter's Frozen Custard franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 2 existing jobs. 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: SBA 7A Banks for Minneapolis, Minnesota Loans
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