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April 28, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Sault Sainte Marie, Business Loans > Old Mission Bank Sault Sainte Marie Business Loans > Hungry Howie's Pizza Loan | ||||
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Sault Ste. Marie, Michigan Bank for SBA Loans
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Sault Ste. Marie, MI Entrepreneur Gets SBA Loan to Buy Hungry Howie's FranchiseNeed a loan to purchase a Hungry Howie's franchise? Old Mission Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Hungry Howie's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Old Mission Bank was the lender and the entrepreneur was based in Sault Ste. Marie, Michigan. SBA Loan Borrower HUNGRY HOWIE'S PIZZA SBA Loan Lender OLD MISSION BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/16/2004 Loan Approval Gross Amount $276,177 Loan Approval from the SBA Of the total $276,177 loan amount, the SBA guaranteed $207,132. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Hungry Howie's franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Sault Sainte Marie, Michigan
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