Centerbank Provides SBA Loan to Buy Home Instead Senior Care Franchise

Borrowing money to invest in a Home Instead Senior Care franchise? Centerbank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Home Instead Senior Care franchise may simply require a phone call to a local SBA banker. In 2006, Centerbank issued an SBA franchise loan to an entrepreneur in Milford, Ohio. Because Home Instead Senior Care was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

HOME INSTEAD SENIOR CARE
MILFORD, OH 45150

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

7/5/2006

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Home Instead Senior Care

Business Cash Advances

Banks in Milford, Ohio

Ohio SBA 7A Banks