Community Shores Bank Provides SBA Loan to Buy Edible Arrangements Franchise

Borrowing money to invest in an Edible Arrangements franchise? Community Shores Bank has a history of making these loans and they are guaranteed by the SBA.

Edible Arrangements franchise loans are available to Muskegon, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Shores Bank, based in Muskegon, Michigan, issued an SBA franchise loan for an Edible Arrangements franchise in 2006. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

EDIBLE ARRANGEMENTS
MUSKEGON, MI 49441

SBA Loan Lender

COMMUNITY SHORES BANK
1030 W NORTON AVE
MUSKEGON, MI 49441

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

10/11/2006

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 a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help create 2 new jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Edible Arrangements

Debt Financing

SBA Banks in Muskegon, Michigan

SBA Lenders in Michigan