Ohio Entrepreneur Secures Financing to Buy Honey Baked Hams & Cafe Franchise

Need money to invest in a Honey Baked Hams & Cafe franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Honey Baked Hams & Cafe franchise? If so, here's a 2004 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Heath (fourmile Lock), Ohio.

SBA Loan Borrower

HONEY BAKED HAM AND CAFE OF NE
HEATH (FOURMILE LOCK), OH 43056

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/4/2004

Loan Approval Gross Amount

$299,300

Loan Approval from the SBA

Of the total $299,300 loan amount, the SBA guaranteed $224,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Honey Baked Hams & Cafe franchise. At the time of the loan, the company had 60 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 60 existing jobs.

Getting an SBA Loan For Your Business

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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Role of Business Plan When Raising Money

SBA Banks in Dallas, Texas

Getting an SBA Loan in Texas