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May 6, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Columbus, Business Loans > The Huntington National Bank Columbus Business Loans > Jt3 Corporation Loan | ||||
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Tips for Getting a Franchise Loan
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Loan to Buy Radio Shack Franchise Issued By The Huntington National BankBorrowing money to buy a Radio Shack franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Park Hills, Kentucky needed money to invest in a Radio Shack franchise back in 2007. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Kentucky small business loan. SBA Loan Borrower JT3 CORPORATION SBA Loan Lender THE HUNTINGTON NATIONAL BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 1/19/2007 Loan Approval Gross Amount $328,600 Loan Approval from the SBA Of the total $328,600 loan amount, the SBA guaranteed $246,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Park Hills or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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