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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Bremen, Business Loans > First Bremen Bank Bremen Business Loans > Tim Horton's Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Tim Horton Donuts FranchiseBorrowing money to invest in a Tim Horton Donuts franchise? First Bremen Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Tim Horton Donuts franchise? If so, here's a 2002 SBA franchise loan that you should know about. First Bremen Bank was the lender and the entrepreneur was based in Canal Winchester, Ohio. SBA Loan Borrower TIM HORTON'S SBA Loan Lender FIRST BREMEN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/22/2002 Loan Approval Gross Amount $131,250 Loan Approval from the SBA Of the total $131,250 loan amount, the SBA guaranteed $111,563. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Tim Horton Donuts franchise. At the time of the loan, the company had 85 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $131,250 loan. Remember, you control your own destiny. 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: Who Lends Money to Small Businesses in Bremen, Ohio
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