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May 8, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Milford, Business Loans > Centerbank Milford Business Loans > Tzedka LLC Loan | ||||
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Raising Money in Cincinnati, Ohio With SBA Loans
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Borrow Money to Buy a Dunkin Donuts FranchiseNeed a loan to invest in a Dunkin Donuts franchise? Centerbank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cincinnati, Ohio needed money to invest in a Dunkin Donuts franchise back in 2005. Centerbank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower TZEDKA LLC SBA Loan Lender CENTERBANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722211 - Limited-Service Restaurants Loan Approval Date 5/24/2005 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 Centerbank 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: SBA Participating Banks in Milford, Ohio
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