Ohio Entrepreneur Secures Financing to Buy Famous Uncle Al's Hot Dog & Grill Franchise

Need money to invest in a Famous Uncle Al's Hot Dog & Grill franchise? First Bremen Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Famous Uncle Al's Hot Dog & Grill franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Bremen Bank was the lender and the entrepreneur was based in Lancaster, Ohio.

SBA Loan Borrower

ALAN A AND BETH ALTEN
LANCASTER, OH 43130

SBA Loan Lender

FIRST BREMEN BANK
6360 PRENTISS SCHOOL DR
CANAL WINCHESTER, OH 43110

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/30/2007

Loan Approval Gross Amount

$127,500

Loan Approval from the SBA

Of the total $127,500 loan amount, the SBA guaranteed $108,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Famous Uncle Al's Hot Dog & Grill franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the funding would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $127,500. How would you spend $127,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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