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November 21, 2024  
 
 
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I Need a Loan to Buy a Franchise in Algonac, Michigan

 

 
Loan Census SBA Loan Info

Algonac, MI Entrepreneur Gets SBA Loan to Buy Bellacino's Pizza Franchise

Need a loan to buy a Bellacino's Pizza franchise? Century Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Bellacino's Pizza franchise? If so, here's a 2006 SBA franchise loan that you should know about. Century Bank And Trust was the lender and the entrepreneur was based in Algonac, Michigan.

SBA Loan Borrower

BELLACINO'S PIZZA AND GRINDERS
ALGONAC, MI 48001

SBA Loan Lender

CENTURY BANK AND TRUST
100 W CHICAGO ST
COLDWATER, MI 49036

This 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

722110 - Full-Service Restaurants

Loan Approval Date

12/5/2006

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bellacino's Pizza franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $120,000 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:

Bellacino's Pizza and Grinders

Obtaining Funding - Friends and Family

Small Business Banks in Coldwater, Michigan

Michigan SBA 7A Lenders