Springdale, OH Entrepreneur Gets SBA Loan to Buy Bc Roosters Franchise

Borrowing money to buy a Bc Roosters franchise? Oak Hill Banks has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Bc Roosters franchise? If so, here's a 2007 SBA franchise loan that you should know about. Oak Hill Banks was the lender and the entrepreneur was based in Springdale, Ohio.

SBA Loan Borrower

BC ROOSTERS
SPRINGDALE, OH 45246

SBA Loan Lender

OAK HILL BANKS
27 STONERIDGE DR
CHILLICOTHE, OH 45601

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/28/2007

Loan Approval Gross Amount

$388,500

Loan Approval from the SBA

Of the total $388,500 loan amount, the SBA guaranteed $291,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bc Roosters franchise. At the time of the loan, the company had 60 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $388,500. How would you spend $388,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding From a Venture Capitalist

SBA 7A Lenders in Chillicothe, Ohio

SBA Lenders in Ohio