Century National Bank Provides SBA Loan to Buy Creno's Pizza Franchise

Borrowing money to invest in a Creno's Pizza franchise? Century National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Hebron, Ohio needed money to invest in a Creno's Pizza franchise back in 2007. Century National Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

CRENO'S PIZZA
HEBRON, OH 43025

SBA Loan Lender

CENTURY NATIONAL BANK
14 S FIFTH ST
ZANESVILLE, OH 43701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/25/2007

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Creno's Pizza franchise. At the time of the loan, the company had 13 employees. The loan application indicated that the loan would help retain 13 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Century National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Century National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

Best Banks in Zanesville, Ohio

Getting an SBA Loan in Ohio