Ohio Entrepreneur Secures Financing to Buy Ucc Total Home Franchise

Need a loan to purchase an Ucc Total Home franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Ucc Total Home franchise loans are available to Strongsville, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Toledo, Ohio, issued an SBA franchise loan for an Ucc Total Home franchise in 2003. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

SMARTER BUYING CONCEPTS, LLC
STRONGSVILLE, OH 44149

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
519 MADISON AVE
TOLEDO, OH 43604

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452910 - Warehouse Clubs and Superstores

Loan Approval Date

12/11/2003

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ucc Total Home franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Huntington National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

UCC TotalHome

Accountant's Role in Securing Financing

SBA Approved Banks in Toledo, Ohio

Getting an SBA Loan in Ohio