Loan to Buy Heidi's Brooklyn Deli Soup "N Juice Franchise Issued By The Huntington National Bank

Borrowing money to purchase a Heidi's Brooklyn Deli Soup "N Juice franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Independence, Ohio and are interested in buying a Heidi's Brooklyn Deli Soup "N Juice franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by The Huntington National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LGT FRANCHISES INC. DBA HEIDI'S BROOKLYN D
Independence, OH 44131

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

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

722110 - Full-Service Restaurants

Loan Approval Date

11/14/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Heidi's Brooklyn Deli Soup "N Juice franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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 way to raise money

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:

Heidi's Brooklyn Deli

Obtaining Funding - How to Decide How Much to Raise

Best Banks in Columbus, Ohio

Find an SBA Lender in Ohio