Michigan Entrepreneur Secures Financing to Buy Vino 100/tinder Box Franchise

Need money to invest in a Vino 100/tinder Box franchise? 1st Source Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Vino 100/tinder Box franchise is doable. In 2007, 1st Source Bank issued an SBA franchise loan to an entrepreneur in New Buffalo, Michigan. Because Vino 100/tinder Box was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

SILVER DOLLAR HOLDINGS, LLC
NEW BUFFALO, MI 49117

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

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

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

2/26/2007

Loan Approval Gross Amount

$405,000

Loan Approval from the SBA

Of the total $405,000 loan amount, the SBA guaranteed $303,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Vino 100/tinder Box franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

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 $405,000 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.

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