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December 23, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Indianapolis, Business Loans > National City Bank Indianapolis Business Loans > Dairy Queen Loan | ||||
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How to Get SBA Loans in Middlefield, Ohio
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Ohio Entrepreneur Secures Financing to Buy Dairy Queen FranchiseNeed a loan to invest in a Dairy Queen franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Middlefield, Ohio needed money to invest in a Dairy Queen franchise back in 2000. National City Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender NATIONAL CITY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/16/2000 Loan Approval Gross Amount $141,700 Loan Approval from the SBA Of the total $141,700 loan amount, the SBA guaranteed $106,275. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National City Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National City Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks for Small Business in Indianapolis, Indiana
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