Loan to Buy Z-Coil Franchise Issued By First Place Bank

Need money to purchase a Z-Coil franchise? First Place Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Holland, Michigan needed money to invest in a Z-Coil franchise back in 2006. First Place Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

FOOT CANDY LLC
HOLLAND, MI 49423

SBA Loan Lender

FIRST PLACE BANK
185 E MARKET ST
WARREN, OH 44481

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

11/9/2006

Loan Approval Gross Amount

$119,300

Loan Approval from the SBA

Of the total $119,300 loan amount, the SBA guaranteed $59,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Z-Coil franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Holland MI, you ought to talk with a local Holland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holland businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $119,300 loan. Remember, if it to be, it is up to me!

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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