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April 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Cincinnati, Business Loans > Fifth Third Bank Cincinnati Business Loans > Al-Joe's Hardware, LLC Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Cincinnati, Ohio?
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Ohio Entrepreneur Secures Financing to Buy Ace Hardware FranchiseNeed money to buy an Ace Hardware franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Ace Hardware franchise? If so, here's a 2007 SBA franchise loan that you should know about. Fifth Third Bank was the lender and the entrepreneur was based in Cincinnati, Ohio. SBA Loan Borrower AL-JOE'S HARDWARE, LLC SBA Loan Lender FIFTH THIRD BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 3/21/2007 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Cincinnati or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Business Banks in Cincinnati, Ohio
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