First Bremen Bank Provides SBA Loan to Buy Bc Roosters Franchise

Borrowing money to buy a Bc Roosters franchise? First Bremen Bank has a history of making these loans and they are guaranteed by the SBA.

Bc Roosters franchise loans are available to Blacklick, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Bremen Bank, based in Bremen, Ohio, issued an SBA franchise loan for a Bc Roosters franchise in 2007. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

B.C. ROOSTERS
BLACKLICK, OH 43004

SBA Loan Lender

FIRST BREMEN BANK
119 MAIN ST
BREMEN, OH 43107

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/11/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bc Roosters franchise. At the time of the loan, the company had 140 employees. The SBA loan documents indicated that the loan would help generate 140 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Bremen Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

Small Business Banks in Bremen, Ohio

SBA Ohio Banks