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May 2, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Maumee, Business Loans > Bank Of Maumee Maumee Business Loans > Sweet Escape, LLC Loan | ||||
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SBA Franchise Lenders in Ohio
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Loan to Buy Rocky Mountain Chocolate Factory Franchise Issued By Bank Of MaumeeNeed a loan to buy a Rocky Mountain Chocolate Factory franchise? Bank Of Maumee has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Maumee, Ohio needed money to invest in a Rocky Mountain Chocolate Factory franchise back in 2008. Bank Of Maumee issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower SWEET ESCAPE, LLC SBA Loan Lender BANK OF MAUMEE 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. NAICS Code 445292 - Confectionery and Nut Stores Loan Approval Date 1/30/2008 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Rocky Mountain Chocolate Factory SBA 7A Banks for Maumee, Ohio Loans
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