Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Upper Sandusky, Ohio Business Owners

 

 
Loan Census SBA Loan Info

Ohio Entrepreneur Secures Financing to Buy Long John Silver's Franchise

Need money to purchase a Long John Silver's franchise? 1st Cit. National Bank - Upper Sand has a history of making these loans and they are guaranteed by the SBA.

If you live near Upper Sandusky, Ohio and are interested in buying a Long John Silver's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by 1st Cit. National Bank - Upper Sand. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LONG JOHN SILVERS
UPPER SANDUSKY, OH 43351

SBA Loan Lender

1ST CIT. NATIONAL BANK - UPPER SAND
100 N SANDUSKY AVE
UPPER SANDUSKY, OH 43351

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/26/2006

Loan Approval Gross Amount

$345,000

Loan Approval from the SBA

Of the total $345,000 loan amount, the SBA guaranteed $258,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 54 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Long John Silver's Restaurants, Inc.

Raising Venture Capital

SBA Approved Banks in Upper Sandusky, Ohio

SBA Lenders in Ohio