Borrow Money to Buy a Bab Systems,Inc Franchise
Need a loan to invest in a Bab Systems,Inc franchise? Lasalle Bank Midwest has a history of making these loans and they are guaranteed by the SBA.
Bab Systems,Inc franchise loans are available to Kalamazoo, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lasalle Bank Midwest, based in Lansing, Michigan, issued an SBA franchise loan for a Bab Systems,Inc franchise in 2000. We've got all the details on this Michigan small business loan.
SBA Loan Borrower
EMF BAGELS INC
KALAMAZOO, MI 49006
SBA Loan Lender
LASALLE BANK MIDWEST
124 W ALLEGAN
LANSING, MI 48933
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/17/2000
Loan Approval Gross Amount
$407,000
Loan Approval from the SBA
Of the total $407,000 loan amount, the SBA guaranteed $305,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Bab Systems,Inc franchise. At the time of the loan, the company
had 38 employees. The loan application indicated that the loan would help retain 38 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Lasalle Bank Midwest are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Strategic Investors
SBA Banks in Lansing, Michigan
Getting an SBA Loan in Michigan