 |
 |
December 25, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Liz Bizz, Inc. Loan | ||||
 |
||||
Small Business Banks for Grand Rapids Small Businesses
|
||||
 |
Grand Rapids, MI Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery FranchiseNeed a loan to invest in a Cold Stone Creamery franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Grand Rapids, Michigan needed money to invest in a Cold Stone Creamery franchise back in 2003. Fifth Third Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower LIZ BIZZ, INC. SBA Loan Lender FIFTH THIRD BANK This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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 311520 - Ice Cream and Frozen Dessert Manufacturing Loan Approval Date 6/4/2003 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Fifth Third Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks in Grand Rapids, Michigan Getting an SBA Loan in Michigan
|
|
||
|
||||
|
|
||||