Borrow Money to Buy a Big Apple Bagels Franchise
Need money to buy a Big Apple Bagels franchise? Irwin Union Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Big Apple Bagels franchise requires some effort but others before you have been successful. In 2003, Irwin Union Bank & Trust issued an SBA franchise loan to an entrepreneur in Kalamazoo, Michigan. Because Big Apple Bagels was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.
SBA Loan Borrower
BIG APPLE BAGELS AND BRENDON A
KALAMAZOO, MI 49001
SBA Loan Lender
IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
7/16/2003
Loan Approval Gross Amount
$128,000
Loan Approval from the SBA
Of the total $128,000 loan amount, the SBA guaranteed $108,800.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Big Apple Bagels franchise. At the time of the loan, the company
had only one employee. The loan application indicated that the loan would help generate 5 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Big Apple Bagels
Famous Venture Capitalists
SBA 7A Banks for Columbus, Indiana Loans
SBA Lenders in Indiana