Michigan Entrepreneur Secures Financing to Buy Denny's Restaurant Franchise

Need a loan to buy a Denny's Restaurant franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in East Lansing, Michigan needed money to invest in a Denny's Restaurant franchise back in 2007. Irwin Franchise Cap. Corp issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

JDJ HOSPITALITY LLC
EAST LANSING, MI 48823

SBA Loan Lender

IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/20/2007

Loan Approval Gross Amount

$506,000

Loan Approval from the SBA

Of the total $506,000 loan amount, the SBA guaranteed $379,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Denny's Restaurant franchise. At the time of the loan, the company had 180 employees. The SBA loan documents indicated that the loan would help generate 180 new jobs and retain 180 existing jobs.

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.

While you may be able to borrow money from friends and family, 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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