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April 28, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Kentwood, Business Loans > Kent Commerce Bank Kentwood Business Loans > Marco Of Grand Rapids, LLC Loan | ||||
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Grand Rapids, Michigan Bank for SBA Loans
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Michigan Entrepreneur Secures Financing to Buy Marco's Pizza FranchiseNeed a loan to invest in a Marco's Pizza franchise? Kent Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Marco's Pizza franchise requires some effort but others before you have been successful. In 2002, Kent Commerce Bank issued an SBA franchise loan to an entrepreneur in Grand Rapids, Michigan. Because Marco's Pizza was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis. SBA Loan Borrower MARCO OF GRAND RAPIDS, LLC SBA Loan Lender KENT COMMERCE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/15/2002 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Marco's Pizza franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Participating Banks in Kentwood, Michigan Find an SBA Lender in Michigan
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