Loan to Buy Hungry Howie's Franchise Issued By First Fed. S & L Assoc - Lakew

Borrowing money to invest in a Hungry Howie's franchise? First Fed. S & L Assoc - Lakew has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hungry Howie's franchise shouldn't be overly burdensome. In 2004, First Fed. S & L Assoc - Lakew issued an SBA franchise loan to an entrepreneur in Lakewood, Ohio. Because Hungry Howie's was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

HUNGRY HOWIE'S PIZZA
LAKEWOOD, OH 44107

SBA Loan Lender

FIRST FED. S & L ASSOC - LAKEW
14806 DETROIT AVE
LAKEWOOD, OH 44107

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/17/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hungry Howie's franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Hungry Howie's Pizza & Subs

Advice on Getting a Small Business Loan

Good Banks for Small Business in Lakewood, Ohio

Ohio SBA 7A Banks