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May 1, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Muskegon, Business Loans > Muskegon Commerce Bank Muskegon Business Loans > Lakefield Bakery And Cafe LLC Loan | ||||
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Middleville, Michigan Bank Loan
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Borrow Money to Buy a Big Apple Bagel Company FranchiseBorrowing money to purchase a Big Apple Bagel Company franchise? Muskegon Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Big Apple Bagel Company franchise? If so, here's a 2005 SBA franchise loan that you should know about. Muskegon Commerce Bank was the lender and the entrepreneur was based in Middleville, Michigan. SBA Loan Borrower LAKEFIELD BAKERY AND CAFE LLC SBA Loan Lender MUSKEGON COMMERCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/12/2005 Loan Approval Gross Amount $246,000 Loan Approval from the SBA Of the total $246,000 loan amount, the SBA guaranteed $184,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Big Apple Bagel Company franchise. At the time of the loan, the company had 28 employees. The SBA loan application for the borrower indicated that the loan would help retain 28 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $246,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Muskegon, Michigan
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