Strongsville, OH Entrepreneur Gets SBA Loan to Buy Super Suppers Of Keller Franchise

Need a loan to invest in a Super Suppers Of Keller franchise? Firstmerit Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Super Suppers Of Keller franchise requires some effort but others before you have been successful. In 2005, Firstmerit Bank issued an SBA franchise loan to an entrepreneur in Strongsville, Ohio. Because Super Suppers Of Keller was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

SUPER SUPPERS OF STRONGSVILLE, LLC
STRONGSVILLE, OH 44136

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

6/30/2005

Loan Approval Gross Amount

$155,000

Loan Approval from the SBA

Of the total $155,000 loan amount, the SBA guaranteed $116,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Super Suppers Of Keller franchise. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the funding would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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