Strongsville, OH Entrepreneur Gets SBA Loan to Buy Friendly's Franchise

Need money to buy a Friendly's franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

Friendly's franchise loans are available to Strongsville, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Keybank National Association, based in Cleveland, Ohio, issued an SBA franchise loan for a Friendly's franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

FRIENDLY'S
STRONGSVILLE, OH 44136

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/23/2004

Loan Approval Gross Amount

$410,300

Loan Approval from the SBA

Of the total $410,300 loan amount, the SBA guaranteed $307,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Friendly's franchise. At the time of the loan, the company had 60 employees. The SBA loan application for the borrower indicated that the loan would help retain 60 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Friendly's Restaurants

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Cleveland, Ohio

Getting an SBA Loan in Ohio