Keybank National Association Provides SBA Loan to Buy Woodcraft Franchise Corporation Franchise

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

An entrepreneur in Toledo, Ohio needed money to invest in a Woodcraft Franchise Corporation franchise back in 2006. Keybank National Association issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

ELF WORKS, INC. DBA WOODCRAFT
TOLEDO, OH 43615

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

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

8/21/2006

Loan Approval Gross Amount

$431,300

Loan Approval from the SBA

Of the total $431,300 loan amount, the SBA guaranteed $323,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woodcraft Franchise Corporation franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

SBIR Funding

SBA 7A Banks in Cleveland, Ohio

SBA Lenders in Ohio