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April 29, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Kentwood, Business Loans > Kent Commerce Bank Kentwood Business Loans > A & W Loan | ||||
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Business Loans for Rockford Small Business Owners
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Rockford, MI Entrepreneur Gets SBA Loan to Buy A & W Restaurant FranchiseNeed money to purchase an A & W Restaurant franchise? Kent Commerce Bank has a history of making these loans and they are guaranteed by the SBA. A & W Restaurant franchise loans are available to Rockford, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Kent Commerce Bank, based in Kentwood, Michigan, issued an SBA franchise loan for an A & W Restaurant franchise in 2000. We've got all the details on this Michigan small business loan. SBA Loan Borrower A & W SBA Loan Lender KENT COMMERCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 2/7/2000 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the funding would help generate 25 new jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Who Lends Money to Small Businesses in Kentwood, Michigan Browse All Business Loan Sources for Michigan
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