Michigan Entrepreneur Secures Financing to Buy Candleman Franchise

Borrowing money to buy a Candleman franchise? Range Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Candleman franchise shouldn't be overly burdensome. In 2005, Range Bank issued an SBA franchise loan to an entrepreneur in Marquette, Michigan. Because Candleman was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

CANDLEMAN
MARQUETTE, MI 49855

SBA Loan Lender

RANGE BANK
350 IRON ST
NEGAUNEE, MI 49866

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

7/7/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Candleman franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Marquette MI, you ought to talk with a local Marquette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marquette businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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