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April 27, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Petland Lancaster Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Lancaster, OH Entrepreneur Gets SBA Loan to Buy Petland FranchiseNeed money to buy a Petland franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Petland franchise? If so, here's a 2000 SBA franchise loan that you should know about. Bank Of The West was the lender and the entrepreneur was based in Lancaster, Ohio. SBA Loan Borrower PETLAND LANCASTER SBA Loan Lender BANK OF THE WEST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5399 - General Merchandise Stores Loan Approval Date 9/5/2000 Loan Approval Gross Amount $299,000 Loan Approval from the SBA Of the total $299,000 loan amount, the SBA guaranteed $224,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 18 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $299,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Where to Get an SBA Loan in San Francisco, California Getting an SBA Loan in California
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