Borrow Money to Buy a Cottage Inn Pizza Franchise
Borrowing money to invest in a Cottage Inn Pizza franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Cottage Inn Pizza franchise? If so, here's a 2005 SBA franchise loan that you should know about. National City Bank was the lender and the entrepreneur was based in Delaware, Ohio.
SBA Loan Borrower
GOOD CHEER, LLC D/B/A COTTAGE
Delaware, OH 43015
SBA Loan Lender
NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114
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.
722211 - Limited-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $100,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Cottage Inn Pizza franchise. At the time of the loan, the company
had 45 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 45 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.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City 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.
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