Ohio Entrepreneur Secures Financing to Buy Bear Rock Cafe Franchise

Borrowing money to invest in a Bear Rock Cafe franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bear Rock Cafe franchise shouldn't be too tough. In 2005, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Columbus, Ohio. Because Bear Rock Cafe was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

CAP EQUITY, INC.
Columbus, OH 43214

SBA Loan Lender

FIFTH THIRD BANK
38 FOUNTAIN SQ PLZ
CINCINNATI, OH 45263

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/1/2005

Loan Approval Gross Amount

$546,400

Loan Approval from the SBA

Of the total $546,400 loan amount, the SBA guaranteed $409,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bear Rock Cafe franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the funding would help generate 25 new jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fifth Third Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Bear Rock Cafe

Small Business Loan

Small Business Banks in Cincinnati, Ohio

Ohio SBA 7A Lenders