Loveland, OH Entrepreneur Gets SBA Loan to Buy Buffalo Wings & Rings Franchise

Borrowing money to invest in a Buffalo Wings & Rings franchise? Centerbank has a history of making these loans and they are guaranteed by the SBA.

Buffalo Wings & Rings franchise loans are available to Loveland, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Centerbank, based in Milford, Ohio, issued an SBA franchise loan for a Buffalo Wings & Rings franchise in 2007. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

BUFFALO WINGS & RINGS
LOVELAND, OH 45140

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

This SBA bank 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

6/6/2007

Loan Approval Gross Amount

$540,000

Loan Approval from the SBA

Of the total $540,000 loan amount, the SBA guaranteed $405,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buffalo Wings & Rings franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $540,000. How would you spend $540,000 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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