Loan to Buy Petland Franchise Issued By First Federal Bank Of Ohio

Borrowing money to invest in a Petland franchise? First Federal Bank Of Ohio has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Petland franchise may simply require a phone call to a local SBA banker. In 2002, First Federal Bank Of Ohio issued an SBA franchise loan to an entrepreneur in Mansfiled, Ohio. Because Petland was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

PETLAND
MANSFILED, OH 44906

SBA Loan Lender

FIRST FEDERAL BANK OF OHIO
140 N COLUMBUS ST
GALION, OH 44833

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$426,956

Loan Approval from the SBA

Of the total $426,956 loan amount, the SBA guaranteed $320,217.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

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.

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.

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