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May 2, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Muskegon, Business Loans > Muskegon Commerce Bank Muskegon Business Loans > Nationwide Floor & Window Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Jenison, MI Entrepreneur Gets SBA Loan to Buy Nationwide Floor & Window Coverings FranchiseNeed a loan to buy a Nationwide Floor & Window Coverings franchise? Muskegon Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Nationwide Floor & Window Coverings franchise loans are available to Jenison, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Muskegon Commerce Bank, based in Muskegon, Michigan, issued an SBA franchise loan for a Nationwide Floor & Window Coverings franchise in 2004. We've got all the details on this Michigan small business loan. SBA Loan Borrower NATIONWIDE FLOOR & WINDOW SBA Loan Lender MUSKEGON COMMERCE BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442210 - Floor Covering Stores Loan Approval Date 6/18/2004 Loan Approval Gross Amount $121,500 Loan Approval from the SBA Of the total $121,500 loan amount, the SBA guaranteed $103,275. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Nationwide Floor & Window Coverings franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Muskegon Commerce Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Nationwide Floor & Window Coverings Find an SBA Lender in Muskegon, Michigan
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