The Huntington National Bank Provides SBA Loan to Buy Handel's Ice Cream Franchise

Borrowing money to invest in a Handel's Ice Cream franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Handel's Ice Cream franchise? If so, here's a 2002 SBA franchise loan that you should know about. The Huntington National Bank was the lender and the entrepreneur was based in Columbus, Ohio.

SBA Loan Borrower

HANDEL'S ICE CREAM
COLUMBUS, OH 43221

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

This lender provides SBA 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

445299 - Specialty Food Stores

Loan Approval Date

10/23/2002

Loan Approval Gross Amount

$327,300

Loan Approval from the SBA

Of the total $327,300 loan amount, the SBA guaranteed $245,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Handel's Ice Cream franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Huntington National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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