Borrow Money to Buy an East Of Chicago Pizza Franchise

Borrowing money to invest in an East Of Chicago Pizza franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Orrville, Ohio needed money to invest in an East Of Chicago Pizza franchise back in 2000. National City Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

EAST OF CHICAGO PIZZA COMPANY
ORRVILLE, OH 44667

SBA Loan Lender

NATIONAL CITY BANK
101 W MARKET ST
ORRVILLE, OH 44667

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

2/23/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $20,000.

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 27 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Orrville OH, you ought to talk with a local Orrville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orrville businesses.

This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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