Woodhaven, MI Entrepreneur Gets SBA Loan to Buy Bellacino's Pizza Franchise

Need 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.

Bellacino's Pizza franchise loans are available to Woodhaven, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Monroe Bank & Trust, based in Monroe, Michigan, issued an SBA franchise loan for a Bellacino's Pizza franchise in 2004. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

BELLACINO'S PIZZA & GRINDERS
WOODHAVEN, MI 48183

SBA Loan Lender

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

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/19/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Monroe Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

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SBA Participating Banks in Monroe, Michigan

SBA Participating Banks in Michigan