Clarkston, MI Entrepreneur Gets SBA Loan to Buy Roly Poly Rolled Sandwiches Franchise

Need a loan to buy a Roly Poly Rolled Sandwiches franchise? Peoples State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Clarkston, Michigan needed money to invest in a Roly Poly Rolled Sandwiches franchise back in 2004. Peoples State Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

ROLY POLY SANDWICHES
CLARKSTON, MI 48439

SBA Loan Lender

PEOPLES STATE BANK
1800 E 12 MILE RD
MADISON HEIGHTS, MI 48071

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

9/16/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Roly Poly Rolled Sandwiches franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My 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.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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