Southern Michigan Bank & Trust Provides SBA Loan to Buy Blockbuster Video Franchise

Borrowing money to purchase a Blockbuster Video franchise? Southern Michigan Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Blockbuster Video franchise loans are available to Battle Creek, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Southern Michigan Bank & Trust, based in Coldwater, Michigan, issued an SBA franchise loan for a Blockbuster Video franchise in 2001. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

SHAMROCK ENTERTAINMENT, INC.
BATTLE CREEK, MI 49015

SBA Loan Lender

SOUTHERN MICHIGAN BANK & TRUST
51 W PEARL ST
COLDWATER, MI 49036

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

10/17/2001

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Blockbuster Video franchise. At the time of the loan, the company had 28 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $500,000 loan. Remember, anyone can do it... so why not 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.

Related Links:

Blockbuster, Inc.

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