Pickerington, OH Entrepreneur Gets SBA Loan to Buy Papa Joe's Pizza Franchise

Need a loan to invest in a Papa Joe's Pizza franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Papa Joe's Pizza franchise may simply require a phone call to a local SBA banker. In 2007, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in Pickerington, Ohio. Because Papa Joe's Pizza was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

BHMR, LLC
PICKERINGTON, OH 43147

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/22/2007

Loan Approval Gross Amount

$374,700

Loan Approval from the SBA

Of the total $374,700 loan amount, the SBA guaranteed $281,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa Joe's Pizza franchise. At the time of the loan, the company had 29 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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