Borrow Money to Buy a Hometeam Inspection Service Franchise

Need money to invest in a Hometeam Inspection Service franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Columbus, Ohio and are interested in buying a Hometeam Inspection Service franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by National City Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TRI PROPERTIES, LLC
COLUMBUS, OH 43228

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

238990 - Specialty Trade Contractors

Loan Approval Date

4/6/2005

Loan Approval Gross Amount

$21,200

Loan Approval from the SBA

Of the total $21,200 loan amount, the SBA guaranteed $10,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hometeam Inspection Service franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 1 existing job.

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

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National City Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National City Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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