Brunswick, OH Entrepreneur Gets SBA Loan to Buy Wheel Repair Solutions International Franchise

Need money to invest in a Wheel Repair Solutions International franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wheel Repair Solutions International franchise is doable. In 2005, National City Bank issued an SBA franchise loan to an entrepreneur in Brunswick, Ohio. Because Wheel Repair Solutions International was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

BETTCHER ENTERPRISES, LTD.
Brunswick, OH 44212

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

811198 - Automotive Repair and Maintenance

Loan Approval Date

5/18/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wheel Repair Solutions International franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.

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

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Cleveland, Ohio

Getting an SBA Loan in Ohio