Kent, OH Entrepreneur Gets SBA Loan to Buy Katie's Korner Franchise

Borrowing money to purchase a Katie's Korner franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

Katie's Korner franchise loans are available to Kent, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Keybank National Association, based in Cleveland, Ohio, issued an SBA franchise loan for a Katie's Korner franchise in 2001. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

KATIE'S KORNER
KENT, OH 44240

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

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

422430 - Dairy Product Wholesalers

Loan Approval Date

4/19/2001

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Katie's Korner franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help create 5 new jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $10,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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