Loan to Buy Putt Putt Golf Course Franchise Issued By Comerica Bank

Need money to invest in a Putt Putt Golf Course franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Putt Putt Golf Course franchise requires some effort but others before you have been successful. In 2002, Comerica Bank issued an SBA franchise loan to an entrepreneur in Portage, Michigan. Because Putt Putt Golf Course was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

PORTAGE ENTERTAINMENT INC
PORTAGE, MI 49002

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA commercial 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.

NAICS Code

713110 - Amusement and Theme Parks

Loan Approval Date

9/6/2002

Loan Approval Gross Amount

$1,233,000

Loan Approval from the SBA

Of the total $1,233,000 loan amount, the SBA guaranteed $924,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Putt Putt Golf Course franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica 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.

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