Loan to Buy Zeppe's Franchise Issued By The Lorain National Bank

Borrowing money to invest in a Zeppe's franchise? The Lorain National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Amherst, Ohio needed money to invest in a Zeppe's franchise back in 2001. The Lorain National Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

ZEPPE'S PIZZERIA
AMHERST, OH 44061

SBA Loan Lender

THE LORAIN NATIONAL BANK
457 BROADWAY
LORAIN, OH 44052

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/7/2001

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 Zeppe's franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Amherst OH, you ought to talk with a local Amherst SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Amherst businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Lorain National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Zeppe's Pizzeria

Choosing VC Firms

Small Business Banks in Lorain, Ohio

Ohio SBA Banks