Loan to Buy Robeks Juice Franchise Issued By Firstmerit Bank

Borrowing money to buy a Robeks Juice franchise? Firstmerit Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Robeks Juice franchise? If so, here's a 2005 SBA franchise loan that you should know about. Firstmerit Bank was the lender and the entrepreneur was based in Avon, Ohio.

SBA Loan Borrower

LUCE & AUFDENKAMPE ENTERPRISES
AVON, OH 44011

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/2/2005

Loan Approval Gross Amount

$272,700

Loan Approval from the SBA

Of the total $272,700 loan amount, the SBA guaranteed $204,525.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Robeks Juice franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Robeks Franchise Corporation

How to Raise Money

SBA 7A Banks for Akron, Ohio Loans

SBA Lenders in Ohio