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April 26, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cambridge, Business Loans > Advantage Bank Cambridge Business Loans > Jirles Foods Inc Loan | ||||
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Byesville, Ohio Bank for SBA Loans
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Advantage Bank Provides SBA Loan to Buy Convenient Food Mart FranchiseNeed a loan to invest in a Convenient Food Mart franchise? Advantage Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Convenient Food Mart franchise? If so, here's a 2007 SBA franchise loan that you should know about. Advantage Bank was the lender and the entrepreneur was based in Byesville, Ohio. SBA Loan Borrower JIRLES FOODS INC SBA Loan Lender ADVANTAGE BANK This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 445120 - Convenience Stores Loan Approval Date 12/31/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Convenient Food Mart franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Advantage Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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