Ann Arbor, MI Entrepreneur Gets SBA Loan to Buy Dream Dinners Franchise

Borrowing money to invest in a Dream Dinners franchise? Fidelity Bank has a history of making these loans and they are guaranteed by the SBA.

Dream Dinners franchise loans are available to Ann Arbor, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fidelity Bank, based in Dearborn, Michigan, issued an SBA franchise loan for a Dream Dinners franchise in 2005. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

DREAM DINNERS
ANN ARBOR, MI 48104

SBA Loan Lender

FIDELITY BANK
22290 MICHIGAN AVE
DEARBORN, MI 48124

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/28/2005

Loan Approval Gross Amount

$132,000

Loan Approval from the SBA

Of the total $132,000 loan amount, the SBA guaranteed $112,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fidelity Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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