Lewis Center, OH Entrepreneur Gets SBA Loan to Buy Petland Franchise
Need a loan to purchase a Petland franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.
If you live near Lewis Center, Ohio and are interested in buying a Petland franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Bank Of The West. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
PETLAND LEWIS CENTER
LEWIS CENTER, OH 43035
SBA Loan Lender
BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104
This 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.
SIC Code
5999 - Retail Stores
Loan Approval Date
8/22/2000
Loan Approval Gross Amount
$431,000
Loan Approval from the SBA
Of the total $431,000 loan amount, the SBA guaranteed $323,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company
had 19 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to raise money for a company in Lewis Center OH, you ought to talk with a local Lewis Center SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lewis Center businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The West and they will explain how you can get an SBA loan for your company.
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:
Petland
Obtaining Funding - How to Borrow Money
SBA Approved Banks in San Francisco, California
SBA California Lenders