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May 4, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Warren, Business Loans > The Huntington National Bank Warren Business Loans > Handel's Ice Cream Loan | ||||
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Advice for Getting a Franchise Loan
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Borrow Money to Buy a Handel's Ice Cream FranchiseBorrowing money to buy a Handel's Ice Cream franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Handel's Ice Cream franchise? If so, here's a 2001 SBA franchise loan that you should know about. The Huntington National Bank was the lender and the entrepreneur was based in Hermitage, Pennsylvania. SBA Loan Borrower HANDEL'S ICE CREAM SBA Loan Lender THE HUNTINGTON NATIONAL BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 10/23/2001 Loan Approval Gross Amount $245,000 Loan Approval from the SBA Of the total $245,000 loan amount, the SBA guaranteed $183,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Handel's Ice Cream franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: SBA Approved Banks in Warren, Ohio
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