Dayton, OH Entrepreneur Gets SBA Loan to Buy Home Instead Senior Care Franchise

Borrowing money to buy a Home Instead Senior Care franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Home Instead Senior Care franchise loans are available to Dayton, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Cleveland, Ohio, issued an SBA franchise loan for a Home Instead Senior Care franchise in 2003. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

HOME INSTEAD SENIOR CARE
DAYTON, OH 45429

SBA Loan Lender

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

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

621610 - Home Health Care Services

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Dayton OH, you ought to talk with a local Dayton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dayton businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $20,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Home Instead Senior Care

Business Credit Evaluation

Where to Get an SBA Loan in Cleveland, Ohio

SBA Ohio Banks