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May 4, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Traverse City, Business Loans > Northwestern Bank Traverse City Business Loans > Jmh Investments, LLC Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Borrow Money to Buy a B.C. Pizza FranchiseNeed a loan to purchase a B.C. Pizza franchise? Northwestern Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Grayling, Michigan needed money to invest in a B.C. Pizza franchise back in 2005. Northwestern Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower JMH INVESTMENTS, LLC SBA Loan Lender NORTHWESTERN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/1/2005 Loan Approval Gross Amount $158,000 Loan Approval from the SBA Of the total $158,000 loan amount, the SBA guaranteed $118,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a B.C. Pizza franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Grayling MI, you ought to talk with a local Grayling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grayling businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Northwestern Bank and they will explain how you can get an SBA loan for your company. 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: Best Traverse City, Michigan Banks for Small Business
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