Toledo, OH Entrepreneur Gets SBA Loan to Buy Handel's Ice Cream Franchise

Need money to purchase a Handel's Ice Cream franchise? Genoa Banking Company has a history of making these loans and they are guaranteed by the SBA.

Handel's Ice Cream franchise loans are available to Toledo, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Genoa Banking Company, based in Genoa, Ohio, issued an SBA franchise loan for a Handel's Ice Cream franchise in 2006. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

HANDEL'S
TOLEDO, OH 43613

SBA Loan Lender

GENOA BANKING COMPANY
801-803 MAIN ST
GENOA, OH 43430

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/26/2006

Loan Approval Gross Amount

$171,000

Loan Approval from the SBA

Of the total $171,000 loan amount, the SBA guaranteed $128,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Handel's Ice Cream franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Toledo OH, you ought to talk with a local Toledo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Toledo businesses.

This SBA loan was for $171,000. How would you spend $171,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Handel's Ice Cream

Business Credit Evaluation

Small Bank Loans in Genoa, Ohio

Ohio SBA Banks