Citizens Bank Provides SBA Loan to Buy Buffalo's cafe Franchise

Borrowing money to purchase a Buffalo's cafe franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Holt, Michigan needed money to invest in a Buffalo's cafe franchise back in 2002. Citizens Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

BUFFALO CAFE
HOLT, MI 48842

SBA Loan Lender

CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/3/2002

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buffalo's cafe franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 39 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Bank and they will explain how you can get an SBA loan for your company.

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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