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April 19, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Hamtramck, Business Loans > Peoples State Bank Hamtramck Business Loans > Nestle Toll House Cafe By Chip Loan | ||||
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SBA Franchise Financing Lender New Husdon Michigan
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Peoples State Bank Provides SBA Loan to Buy Nestle Toll House By Chip FranchiseBorrowing money to purchase a Nestle Toll House By Chip franchise? Peoples State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in New Husdon, Michigan needed money to invest in a Nestle Toll House By Chip franchise back in 2007. Peoples State Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower NESTLE TOLL HOUSE CAFE BY CHIP SBA Loan Lender PEOPLES STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 531110 - Lessors of Residential Buildingsv and Dwellings Loan Approval Date 9/10/2007 Loan Approval Gross Amount $253,000 Loan Approval from the SBA Of the total $253,000 loan amount, the SBA guaranteed $126,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House By Chip franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 12 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source We can help you find the best banks for small businesses in New Husdon 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: Best Banks for Small Business in Hamtramck, Michigan Where to Get an SBA Loan Michigan
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