Port Huron, MI Entrepreneur Gets SBA Loan to Buy Cookies By Design Franchise

Need a loan to purchase a Cookies By Design franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Cookies By Design franchise may simply require a phone call to a local SBA banker. In 2000, Citizens Bank issued an SBA franchise loan to an entrepreneur in Port Huron, Michigan. Because Cookies By Design was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

MRS COOKIES, INC.
PORT HURON, MI 48060

SBA Loan Lender

CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cookies By Design franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Cookies by Design / Cookie Bouquet

The Friends and Family Network

SBA Approved Banks in Flint, Michigan

Where to Get an SBA Loan Michigan