Michigan Entrepreneur Secures Financing to Buy Golf U.S.A. retail Golf Equip. Franchise

Need money to purchase a Golf U.S.A. retail Golf Equip. franchise? Northwestern Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Golf U.S.A. retail Golf Equip. franchise? If so, here's a 2003 SBA franchise loan that you should know about. Northwestern Bank was the lender and the entrepreneur was based in Gaylord, Michigan.

SBA Loan Borrower

GOLF USA
GAYLORD, MI 49735

SBA Loan Lender

NORTHWESTERN BANK
625 S GARFIELD
TRAVERSE CITY, MI 49686

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golf U.S.A. retail Golf Equip. franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Northwestern Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

GOLF USA Inc.

Obtaining Funding - Friends and Family

Small Business Banks in Traverse City, Michigan

SBA Participating Banks in Michigan