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April 26, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Country Road, LLC And Mdjp, Ll Loan | ||||
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How Can I Buy a Franchise in Dexter, Michigan?
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Dexter, MI Entrepreneur Gets SBA Loan to Buy Jets Pizza FranchiseNeed money to buy a Jets Pizza franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Jets Pizza franchise is doable. In 2005, National City Bank issued an SBA franchise loan to an entrepreneur in Dexter, Michigan. Because Jets Pizza was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis. SBA Loan Borrower COUNTRY ROAD, LLC AND MDJP, LL SBA Loan Lender NATIONAL CITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/7/2005 Loan Approval Gross Amount $217,800 Loan Approval from the SBA Of the total $217,800 loan amount, the SBA guaranteed $163,350. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jets Pizza franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My 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. 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 $217,800 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: Small Bank Loans in Bannockburn, Illinois
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