Auroa, OH Entrepreneur Gets SBA Loan to Buy Home Instead Senior Care Franchise

Borrowing money to buy a Home Instead Senior Care franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Auroa, Ohio needed money to invest in a Home Instead Senior Care franchise back in 2006. Keybank National Association issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

QUALCARE, LLC DBA HOME INSTEAD SENIOR CARE
Auroa, OH 44202

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

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

621610 - Home Health Care Services

Loan Approval Date

7/26/2006

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had 100 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 80 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Auroa OH, you ought to talk with a local Auroa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Auroa businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Keybank National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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