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May 5, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Dream Dinners Loan | ||||
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Lansing, Michigan Bank Loan
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Loan to Buy Dream Dinners Franchise Issued By National City BankNeed money to invest in a Dream Dinners franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Dream Dinners franchise? If so, here's a 2004 SBA franchise loan that you should know about. National City Bank was the lender and the entrepreneur was based in Lansing, Michigan. SBA Loan Borrower DREAM DINNERS SBA Loan Lender NATIONAL CITY BANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 311991 - Perishable Prepared Food Manufacturing Loan Approval Date 6/25/2004 Loan Approval Gross Amount $117,000 Loan Approval from the SBA Of the total $117,000 loan amount, the SBA guaranteed $58,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like National City Bank and they will explain how you can get an SBA loan for your company. 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: SBA Approved Banks in Bannockburn, Illinois
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