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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Akron, Business Loans > Firstmerit Cr. Life Insur Co Akron Business Loans > Robeks/fruit Smoothies & Healt Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Loan to Buy Robeks Juice Franchise Issued By Firstmerit Cr. Life Insur CoNeed money to buy a Robeks Juice franchise? Firstmerit Cr. Life Insur Co has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Akron, Ohio needed money to invest in a Robeks Juice franchise back in 2003. Firstmerit Cr. Life Insur Co issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower ROBEKS/FRUIT SMOOTHIES & HEALT SBA Loan Lender FIRSTMERIT CR. LIFE INSUR CO This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/5/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Robeks Juice franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Akron or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Family and Friend Investors - Your First Financiers SBA Approved Banks in Akron, Ohio
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