Ohio Entrepreneur Secures Financing to Buy East Of Chicago Pizza Franchise

Borrowing money to invest in an East Of Chicago Pizza franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an East Of Chicago Pizza franchise requires some effort but others before you have been successful. In 2001, National City Bank issued an SBA franchise loan to an entrepreneur in Norwalk, Ohio. Because East Of Chicago Pizza was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

EAST OF CHICAGO PIZZA
NORWALK, OH 44857

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/4/2001

Loan Approval Gross Amount

$254,500

Loan Approval from the SBA

Of the total $254,500 loan amount, the SBA guaranteed $190,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an East Of Chicago Pizza franchise. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help retain 30 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Norwalk OH, you ought to talk with a local Norwalk SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norwalk businesses.

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.

Related Links:

East of Chicago Pizza Company

Determining Proper Capital Structure for a Business

SBA Participating Banks in Cleveland, Ohio

SBA Participating Banks in Ohio