Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Farmington Hills, Michigan Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Foot Solutions Franchise

Need money to buy a Foot Solutions franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Foot Solutions franchise loans are available to Farmington Hills, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Bannockburn, Illinois, issued an SBA franchise loan for a Foot Solutions franchise in 2004. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

FOOT SOLUTIONS WEST BLOOMFIELD
Farmington Hills, MI 48336

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

448210 - Shoe Stores

Loan Approval Date

7/9/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Foot Solutions 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 money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Farmington Hills 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:

Foot Solutions

Business Credit Evaluation

Small Bank Loans in Bannockburn, Illinois

Getting a Business Loan in Illinois