Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Ohio Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Cincinnati, OH Entrepreneur Gets SBA Loan to Buy World Inspection Network Franchise

Borrowing money to buy a World Inspection Network franchise? Centerbank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a World Inspection Network franchise? If so, here's a 2005 SBA franchise loan that you should know about. Centerbank was the lender and the entrepreneur was based in Cincinnati, Ohio.

SBA Loan Borrower

OHIO VALLEY INSPECTION SERVICE
CINCINNATI, OH 45245

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541350 - Building Inspection Services

Loan Approval Date

12/13/2005

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a World Inspection Network franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

World Inspection Network: Home Inspection Service

Find Start-Up Capital

SBA Participating Banks in Milford, Ohio

Getting an SBA Loan in Ohio