Ohio Entrepreneur Secures Financing to Buy Petland Franchise

Need money to invest in a Petland franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fairfield, Ohio needed money to invest in a Petland franchise back in 2007. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

PETLAND FAIRFIELD
FAIRFIELD, OH 45014

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

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

453910 - Pet and Pet Supplies Stores

Loan Approval Date

2/27/2007

Loan Approval Gross Amount

$754,000

Loan Approval from the SBA

Of the total $754,000 loan amount, the SBA guaranteed $565,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 14 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Business Lenders, LLC that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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