Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

Advice for Financing a Franchise

 

 
Loan Census SBA Loan Info

Dublin, OH Entrepreneur Gets SBA Loan to Buy Bathcrest refinishes Bathtubs Franchise

Need money to buy a Bathcrest refinishes Bathtubs franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Bathcrest refinishes Bathtubs franchise loans are available to Dublin, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Columbus, Ohio, issued an SBA franchise loan for a Bathcrest refinishes Bathtubs franchise in 2003. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

BATHCREST OF GREATER COLUMBUS
DUBLIN, OH 43016

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

238390 - Building Finishing Contractors

Loan Approval Date

7/3/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bathcrest refinishes Bathtubs franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Huntington National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

BathCrest

Debt Financing

Good Banks for Small Business in Columbus, Ohio

SBA Participating Banks in Ohio