Borrow Money to Buy a Bw-3 buffalo Wings And Weck Franchise

Need money to purchase a Bw-3 buffalo Wings And Weck franchise? Fairfield National Bank A Division has a history of making these loans and they are guaranteed by the SBA.

If you live near Zanesville, Ohio and are interested in buying a Bw-3 buffalo Wings And Weck franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Fairfield National Bank A Division. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BW-3 RESTAURANT
ZANESVILLE, OH 43701

SBA Loan Lender

FAIRFIELD NATIONAL BANK A DIVISION
143 W MAIN ST
LANCASTER, OH 43130

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

6/6/2001

Loan Approval Gross Amount

$345,850

Loan Approval from the SBA

Of the total $345,850 loan amount, the SBA guaranteed $259,388.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bw-3 buffalo Wings And Weck franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fairfield National Bank A Division that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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Ohio SBA 7A Lenders