Borrow Money to Buy a Bevinco Franchise

Need a loan to invest in a Bevinco franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lakewood, Ohio needed money to invest in a Bevinco franchise back in 2005. National City Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

MIKELLY, INC. D/B/A BEVINCO
Lakewood, OH 44107

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

561990 - Support Services

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$43,500

Loan Approval from the SBA

Of the total $43,500 loan amount, the SBA guaranteed $21,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bevinco franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

Bevinco

Equity Financing

SBA Participating Banks in Cleveland, Ohio

SBA Participating Banks in Ohio