Borrow Money to Buy a Vino 100/tinder Box Franchise

Borrowing money to purchase a Vino 100/tinder Box franchise? 1st Source Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Vino 100/tinder Box franchise? If so, here's a 2007 SBA franchise loan that you should know about. 1st Source Bank was the lender and the entrepreneur was based in New Buffalo, Michigan.

SBA Loan Borrower

NORSAM INDUSTRIES LLC AND SILV
NEW BUFFALO, MI 49117

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

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

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

3/28/2007

Loan Approval Gross Amount

$377,000

Loan Approval from the SBA

Of the total $377,000 loan amount, the SBA guaranteed $282,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Vino 100/tinder Box franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $377,000 loan. Remember, things become real when you believe you can achieve them!

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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