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| Entrepreneur Resources | National City Bank Orrville Business Loans | ||||
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I Need a Small Business Loan to Buy a Franchise in Wooster, Ohio
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Wooster, OH Entrepreneur Gets SBA Loan to Buy Candy Bouquet,Inc FranchiseBorrowing money to invest in a Candy Bouquet,Inc franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.
Candy Bouquet,Inc franchise loans are available to Wooster, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Orrville, Ohio, issued an SBA franchise loan for a Candy Bouquet,Inc franchise in 2001. We've got all the details on this Ohio small business loan. SBA Loan Borrower CANDY BOUQUET SBA Loan Lender NATIONAL CITY BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2064 - Candy and Other Confectionery Products NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 8/23/2001 Loan Approval Gross Amount $31,500 Loan Approval from the SBA Of the total $31,500 loan amount, the SBA guaranteed $26,775. More Information on This SBA Loan The borrower, Candy Bouquet, borrowed this money for a new business. This loan was used to buy a Candy Bouquet,Inc franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 7/11/2003. Next Steps for Getting an SBA Loan If you need money to start business in Wooster OH, you ought to talk with a local Wooster SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wooster businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Candy Bouquet walked into National City Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Dealing With Venture Capitalists SBA Approved Banks in Orrville, Ohio SBA Participating Banks in Ohio If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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