Holland, MI Entrepreneur Gets SBA Loan to Buy Play It Again Sports retail Sports Franchise

Need money to invest in a Play It Again Sports retail Sports franchise? Muskegon Commerce 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 Play It Again Sports retail Sports franchise back in 2004. Muskegon Commerce Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

PLAY IT AGAIN SPORTS
HOLLAND, MI 49424

SBA Loan Lender

MUSKEGON COMMERCE BANK
281 SEMINOLE RD
MUSKEGON, MI 49444

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

8/11/2004

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 an existing business. This loan was used to buy a Play It Again Sports retail Sports franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small 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.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Play It Again Sports

Bank Credit Lines

Where to Get an SBA Loan in Muskegon, Michigan

SBA Participating Banks in Michigan