Loan to Buy Home Instead Senior Care Franchise Issued By Centerbank

Need 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.

Want to borrow money to buy a Home Instead Senior Care franchise? If so, here's a 2006 SBA franchise loan that you should know about. Centerbank was the lender and the entrepreneur was based in Milford, Ohio.

SBA Loan Borrower

HOME INSTEAD SENIOR CARE
MILFORD, OH 45150

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

The lender provided this bank 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

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

7/5/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 documents indicated that the loan would help generate 10 new jobs and retain 1 existing job.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Centerbank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

Obtaining Funding - Getting Venture Capital

Good Banks for Small Business in Milford, Ohio

SBA Lenders in Ohio