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May 3, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Coldwater, Business Loans > Southern Michigan Bank & Trust Coldwater Business Loans > The Pro's Den, Inc. Loan | ||||
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Battle Creek, Michigan Bank for SBA Loans
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Michigan Entrepreneur Secures Financing to Buy Pro Golf FranchiseNeed money to purchase a Pro Golf franchise? Southern Michigan Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pro Golf franchise? If so, here's a 2003 SBA franchise loan that you should know about. Southern Michigan Bank & Trust was the lender and the entrepreneur was based in Battle Creek, Michigan. SBA Loan Borrower THE PRO'S DEN, INC. SBA Loan Lender SOUTHERN MICHIGAN BANK & TRUST 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 451110 - Sporting Goods Stores Loan Approval Date 1/16/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pro Golf franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Coldwater, Michigan
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