Avon, IN Entrepreneur Gets SBA Loan to Buy Hungry Howie's Franchise

Need money to buy a Hungry Howie's franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Avon, Indiana needed money to invest in a Hungry Howie's franchise back in 2003. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

HUNGRY HOWIE'S PIZZA & SUBS
AVON, IN 46123

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

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

722110 - Full-Service Restaurants

Loan Approval Date

6/19/2003

Loan Approval Gross Amount

$151,600

Loan Approval from the SBA

Of the total $151,600 loan amount, the SBA guaranteed $75,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hungry Howie's franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 18 new jobs and retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Huntington National Bank and they will explain how you can get an SBA loan for your company.

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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