Michigan Entrepreneur Secures Financing to Buy Pro Golf Franchise

Need money to buy a Pro Golf franchise? The State Bank has a history of making these loans and they are guaranteed by the SBA.

Pro Golf franchise loans are available to Grand Blanc, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The State Bank, based in Fenton, Michigan, issued an SBA franchise loan for a Pro Golf franchise in 2003. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

PRO GOLF DISCOUNT OF GRAND BLA
GRAND BLANC, MI 48439

SBA Loan Lender

THE STATE BANK
175 N LEROY ST
FENTON, MI 48430

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

4/24/2003

Loan Approval Gross Amount

$281,000

Loan Approval from the SBA

Of the total $281,000 loan amount, the SBA guaranteed $210,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pro Golf franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Pro Golf Discount

How to Raise Money

Who Lends Money to Small Businesses in Fenton, Michigan

Michigan SBA Banks