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April 25, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Penn Station East Coast Subs Loan | ||||
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How to Get SBA Loans in Columbus, Ohio
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Ge Cap. Small Business Finan Corp Provides SBA Loan to Buy Penn Station FranchiseBorrowing money to purchase a Penn Station franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Penn Station franchise shouldn't be overly burdensome. In 2001, Ge Cap. Small Business Finan Corp issued an SBA franchise loan to an entrepreneur in Columbus, Ohio. Because Penn Station was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis. SBA Loan Borrower PENN STATION EAST COAST SUBS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/14/2001 Loan Approval Gross Amount $297,000 Loan Approval from the SBA Of the total $297,000 loan amount, the SBA guaranteed $222,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Penn Station franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help generate 36 new jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Banking Deregulation's Effects on Entrepreneurship Where to Get an SBA Loan in St. Louis, Missouri
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