Westerville, OH Entrepreneur Gets SBA Loan to Buy Petland Franchise

Borrowing money to buy a Petland franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Petland franchise loans are available to Westerville, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Cleveland, Ohio, issued an SBA franchise loan for a Petland franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

JMJ PETS, INC.
WESTERVILLE, OH 43081

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
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

453910 - Pet and Pet Supplies Stores

Loan Approval Date

11/19/2004

Loan Approval Gross Amount

$148,000

Loan Approval from the SBA

Of the total $148,000 loan amount, the SBA guaranteed $111,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 52 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Petland

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Small Business Banks in Cleveland, Ohio

Ohio SBA Bank Lenders