Loan to Buy Culver's Frozen Custard Franchise Issued By Byron Bank

Borrowing money to buy a Culver's Frozen Custard franchise? Byron Bank has a history of making these loans and they are guaranteed by the SBA.

Culver's Frozen Custard franchise loans are available to Comstock Park, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Byron Bank, based in Byron Center, Michigan, issued an SBA franchise loan for a Culver's Frozen Custard franchise in 2007. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

CULVER'S
COMSTOCK PARK, MI 49321

SBA Loan Lender

BYRON BANK
2445 84TH ST SW
BYRON CENTER, MI 49315

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/7/2007

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 55 employees. The SBA loan documents indicated that the funding would help generate 55 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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

Culver's

Business Credit Evaluation

SBA Participating Banks in Byron Center, Michigan

SBA Michigan Banks