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May 4, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Manistique, Business Loans > Mbank Manistique Business Loans > Big Boy Restaurant Loan | ||||
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How to Get SBA Loans in Manistique, Michigan
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Michigan Entrepreneur Secures Financing to Buy Big Boy FranchiseNeed a loan to purchase a Big Boy franchise? Mbank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Manistique, Michigan needed money to invest in a Big Boy franchise back in 2007. Mbank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower BIG BOY RESTAURANT SBA Loan Lender MBANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing 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 6/21/2007 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Big Boy franchise. At the time of the loan, the company had 130 employees. This SBA loan request indicated that the loan would help generate 100 new jobs and retain 30 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Big Boy Restaurants International LLC Where to Get an SBA Loan in Manistique, Michigan Getting an SBA Loan in Michigan
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