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November 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Medina, Business Loans > Western Reserve Bank Medina Business Loans > A J Harris, Inc Loan | ||||
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Loans to Buy a Franchise in Ohio
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Borrow Money to Buy a White House Chicken FranchiseBorrowing money to buy a White House Chicken franchise? Western Reserve Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a White House Chicken franchise? If so, here's a 2007 SBA franchise loan that you should know about. Western Reserve Bank was the lender and the entrepreneur was based in Tallmadge, Ohio. SBA Loan Borrower A J HARRIS, INC SBA Loan Lender WESTERN RESERVE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/24/2007 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a White House Chicken franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Western Reserve 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: Best Medina, Ohio Banks for Small Business SBA Participating Banks in Ohio
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