The Huntington National Bank Provides SBA Loan to Buy Melting Pot Franchise

Need a loan to invest in a Melting Pot franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Cleveland, Ohio needed money to invest in a Melting Pot franchise back in 2004. The Huntington National Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

THE MELTING POT
CLEVELAND, OH 45250

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/16/2004

Loan Approval Gross Amount

$361,500

Loan Approval from the SBA

Of the total $361,500 loan amount, the SBA guaranteed $253,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the funding would help create 50 new jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours 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:

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Alternative Financing

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SBA Ohio Banks