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April 29, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Lasalle Bank Midwest Lansing Business Loans > Woo Kim L L C Loan | ||||
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Loans to Buy a Franchise in Michigan
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Michigan Entrepreneur Secures Financing to Buy Popeye's Famous Fried Chicken FranchiseBorrowing money to buy a Popeye's Famous Fried Chicken franchise? Lasalle Bank Midwest has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Popeye's Famous Fried Chicken franchise? If so, here's a 2000 SBA franchise loan that you should know about. Lasalle Bank Midwest was the lender and the entrepreneur was based in Grand Rapids, Michigan. SBA Loan Borrower WOO KIM L L C SBA Loan Lender LASALLE BANK MIDWEST This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 6/26/2000 Loan Approval Gross Amount $925,000 Loan Approval from the SBA Of the total $925,000 loan amount, the SBA guaranteed $693,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Popeye's Famous Fried Chicken franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 15 new jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Lasalle Bank Midwest so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Lansing, Michigan Browse All Business Loan Sources for Michigan
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