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April 30, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Bellacino's Pizza & Grinders Loan | ||||
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Michigan Small Business Funding for Franchises
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Michigan Entrepreneur Secures Financing to Buy Bellacino's Pizza FranchiseBorrowing money to invest in a Bellacino's Pizza franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Temperance, Michigan needed money to invest in a Bellacino's Pizza franchise back in 2004. Fifth Third Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower BELLACINO'S PIZZA & GRINDERS SBA Loan Lender FIFTH THIRD BANK This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 9/3/2004 Loan Approval Gross Amount $249,800 Loan Approval from the SBA Of the total $249,800 loan amount, the SBA guaranteed $124,900. 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 only one employee. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Temperance 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. Related Links: Bellacino's Pizza and Grinders Role of Business Plan When Raising Money SBA 7A Banks for Grand Rapids, Michigan Loans
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