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December 20, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Canton, Business Loans > The Huntington National Bank Canton Business Loans > Sgb Management Inc Loan | ||||
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I Need a Loan to Buy a Franchise in Grove City, Ohio
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The Huntington National Bank Provides SBA Loan to Buy Hampton Inns FranchiseBorrowing money to buy a Hampton Inns franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. Hampton Inns franchise loans are available to Grove City, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Canton, Ohio, issued an SBA franchise loan for a Hampton Inns franchise in 2002. We've got all the details on this Ohio small business loan. SBA Loan Borrower SGB MANAGEMENT INC SBA Loan Lender THE HUNTINGTON NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/20/2002 Loan Approval Gross Amount $1,034,000 Loan Approval from the SBA Of the total $1,034,000 loan amount, the SBA guaranteed $775,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hampton Inns franchise. At the time of the loan, the company had 13 employees. This SBA loan request indicated that the loan would help retain 13 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Huntington National 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: Hampton Inn/Hampton Inn & Suites
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