Michigan Entrepreneur Secures Financing to Buy Do It Best Hardware Franchise

Need a loan to purchase a Do It Best Hardware franchise? United Bank Of Michigan has a history of making these loans and they are guaranteed by the SBA.

Do It Best Hardware franchise loans are available to Hopkins, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank Of Michigan, based in Grand Rapids, Michigan, issued an SBA franchise loan for a Do It Best Hardware franchise in 2005. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

HOPKINS HARDWARE INC
HOPKINS, MI 49328

SBA Loan Lender

UNITED BANK OF MICHIGAN
900 E PARIS AVE SE
GRAND RAPIDS, MI 49546

This 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

444130 - Hardware Stores

Loan Approval Date

12/15/2005

Loan Approval Gross Amount

$103,000

Loan Approval from the SBA

Of the total $103,000 loan amount, the SBA guaranteed $51,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Do It Best Hardware franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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

Do It Best Hardware

Accountant's Role in Securing Financing

Find an SBA Lender in Grand Rapids, Michigan

Michigan SBA Banks