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April 28, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Warren, Business Loans > The Huntington National Bank Warren Business Loans > Zeppe's Of Chardon Loan | ||||
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Chardon, Ohio Bank Loan
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Chardon, OH Entrepreneur Gets SBA Loan to Buy Zeppe's FranchiseNeed a loan to purchase a Zeppe's franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chardon, Ohio needed money to invest in a Zeppe's franchise back in 2000. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower ZEPPE'S OF CHARDON SBA Loan Lender THE HUNTINGTON NATIONAL BANK This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5812 - Eating Places Loan Approval Date 4/19/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 16 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 16 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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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