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November 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Benton Harbor, Business Loans > Chemical Bank Benton Harbor Business Loans > Kilwin's Chocolates Loan | ||||
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Raising Money in Saugatuck, Michigan With SBA Loans
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Loan to Buy Kilwin's Chocolates Franchise Issued By Chemical BankBorrowing money to purchase a Kilwin's Chocolates franchise? Chemical Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Kilwin's Chocolates franchise shouldn't be too tough. In 2003, Chemical Bank issued an SBA franchise loan to an entrepreneur in Saugatuck, Michigan. Because Kilwin's Chocolates was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis. SBA Loan Borrower KILWIN'S CHOCOLATES SBA Loan Lender CHEMICAL BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 445292 - Confectionery and Nut Stores Loan Approval Date 11/18/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Kilwin's Chocolates franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Kilwin's Chocolates and Ice Cream Franchise, Inc. SBA 7A Banks for Benton Harbor, Michigan Loans
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