Loan to Buy Mr. Hero Sandwich Shop Franchise Issued By Firstmerit Bank

Need a loan to purchase a Mr. Hero Sandwich Shop franchise? Firstmerit Bank has a history of making these loans and they are guaranteed by the SBA.

Mr. Hero Sandwich Shop franchise loans are available to Macedonia, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Firstmerit Bank, based in Akron, Ohio, issued an SBA franchise loan for a Mr. Hero Sandwich Shop franchise in 2002. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

MR HERO
MACEDONIA, OH 44082

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

The lender provided this commercial 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

722211 - Limited-Service Restaurants

Loan Approval Date

6/18/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Hero Sandwich Shop franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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