Columbus, IN Entrepreneur Gets SBA Loan to Buy Great American Cookie Company Franchise

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

Getting money to buy a Great American Cookie Company franchise shouldn't be overly burdensome. In 2000, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in Columbus, Indiana. Because Great American Cookie Company was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

PRETZEL TIME/GREAT AMERICAN CO
COLUMBUS, IN 47201

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

7/21/2000

Loan Approval Gross Amount

$146,000

Loan Approval from the SBA

Of the total $146,000 loan amount, the SBA guaranteed $109,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great American Cookie Company franchise. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 30 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Great American Cookie Inc.

Debt Financing

Small Business Banks in Columbus, Ohio

Where to Get an SBA Loan Ohio