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May 16, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Alma, Business Loans > Commercial Bank Alma Business Loans > Dhyan Corp Loan | ||||
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Michigan Small Business Funding for Franchises
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Michigan Entrepreneur Secures Financing to Buy Subway Sandwich Shop FranchiseNeed money to invest in a Subway Sandwich Shop franchise? Commercial Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Sheridan, Michigan and are interested in buying a Subway Sandwich Shop franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Commercial Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DHYAN CORP SBA Loan Lender COMMERCIAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722211 - Limited-Service Restaurants Loan Approval Date 9/10/2004 Loan Approval Gross Amount $31,300 Loan Approval from the SBA Of the total $31,300 loan amount, the SBA guaranteed $15,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $31,300 loan. Remember, if it to be, it is up to me! 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: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Alma, Michigan
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