Monroe Bank & Trust Provides SBA Loan to Buy Bellacino's Pizza Franchise

Borrowing money to buy a Bellacino's Pizza franchise? Monroe Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Riverview, Michigan and are interested in buying a Bellacino's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Monroe Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BELLACINO'S PIZZA & GRINDERS
RIVERVIEW, MI 48192

SBA Loan Lender

MONROE BANK & TRUST
102 E FRONT ST
MONROE, MI 48161

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/2/2005

Loan Approval Gross Amount

$157,500

Loan Approval from the SBA

Of the total $157,500 loan amount, the SBA guaranteed $118,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bellacino's Pizza franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Riverview MI, you ought to talk with a local Riverview SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Riverview businesses.

We can help you find the best banks for small businesses in Riverview or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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