Loan Census Banking News and Information
April 25, 2024  
 
 
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Loans to Buy a Franchise in Ohio

 

 
Loan Census SBA Loan Info

Loan to Buy Bw-3 buffalo Wings And Weck Franchise Issued By Fifth Third Bank

Borrowing money to purchase a Bw-3 buffalo Wings And Weck franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Hamilton, Ohio and are interested in buying a Bw-3 buffalo Wings And Weck franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Fifth Third Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BW-3 BUFFALO WILD WINGS GRILL
HAMILTON, OH 45013

SBA Loan Lender

FIFTH THIRD BANK
38 FOUNTAIN SQ PLZ
CINCINNATI, OH 45263

This loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$490,000

Loan Approval from the SBA

Of the total $490,000 loan amount, the SBA guaranteed $346,430.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bw-3 buffalo Wings And Weck franchise. At the time of the loan, the company had 43 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $490,000 loan. Remember, things become real when you believe you can achieve them!

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:

Understanding Dilution

Where to Get an SBA Loan in Cincinnati, Ohio

SBA Ohio Lenders