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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Mr Hero Loan | ||||
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SBA 7A Banks in Ohio
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Cuyahoga Falls, OH Entrepreneur Gets SBA Loan to Buy Mr. Hero Sandwich Shop FranchiseNeed a loan to buy a Mr. Hero Sandwich Shop franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. Mr. Hero Sandwich Shop franchise loans are available to Cuyahoga Falls, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Mr. Hero Sandwich Shop franchise in 2004. We've got all the details on this Ohio small business loan. SBA Loan Borrower MR HERO SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA guaranteed business 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 1/30/2004 Loan Approval Gross Amount $271,000 Loan Approval from the SBA Of the total $271,000 loan amount, the SBA guaranteed $203,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Hero Sandwich Shop franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: The Friends and Family Network Where to Get an SBA Loan in Livingston, New Jersey
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