Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Michigan Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Grand Traverse Pie Company Franchise

Need money to buy a Grand Traverse Pie Company franchise? Northwestern Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Grand Traverse Pie Company franchise shouldn't be overly burdensome. In 2006, Northwestern Bank issued an SBA franchise loan to an entrepreneur in Petoskey, Michigan. Because Grand Traverse Pie Company was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

GRAND TRAVERSE PIE COMPAY
PETOSKEY, MI 49770

SBA Loan Lender

NORTHWESTERN BANK
625 S GARFIELD
TRAVERSE CITY, MI 49686

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

445291 - Baked Goods Stores

Loan Approval Date

3/1/2006

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Grand Traverse Pie Company franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the funding would help generate 10 new jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Petoskey 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:

How to Raise Money

Where to Get an SBA Loan in Traverse City, Michigan

Michigan SBA 7A Banks