Shaker Heights, OH Entrepreneur Gets SBA Loan to Buy Children's Orchard retail Clothing Franchise
Borrowing money to buy a Children's Orchard retail Clothing franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Shaker Heights, Ohio needed money to invest in a Children's Orchard retail Clothing franchise back in 2005. National City Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.
SBA Loan Borrower
C O SHAKER, LLC
Shaker Heights, OH 44122
SBA Loan Lender
NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
448130 - Children's and Infants' Clothing Stores
Loan Approval Date
3/8/2005
Loan Approval Gross Amount
$101,000
Loan Approval from the SBA
Of the total $101,000 loan amount, the SBA guaranteed $50,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Children's Orchard retail Clothing franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 1 existing job.
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.
Related Links:
Children's Orchard, Inc.
The Friends and Family Network
Small Bank Loans in Cleveland, Ohio
SBA Lenders in Ohio