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May 5, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Petland Loan | ||||
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SBA 7A Banks in Ohio
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Borrow Money to Buy a Petland FranchiseNeed a loan to purchase a Petland franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Petland franchise? If so, here's a 2000 SBA franchise loan that you should know about. Ge Cap. Small Business Finan Corp was the lender and the entrepreneur was based in Olmsted, Ohio. SBA Loan Borrower PETLAND SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 1/13/2000 Loan Approval Gross Amount $356,500 Loan Approval from the SBA Of the total $356,500 loan amount, the SBA guaranteed $267,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: How Much Venture Capital Is There? Small Bank Loans in St. Louis, Missouri
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