Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Bank Of Lenawee SBA 7A Franchise Loans

 

 
Loan Census SBA Loan Info

Bank Of Lenawee Provides SBA Loan to Buy Little Ceasar's Pizza Franchise

Need a loan to purchase a Little Ceasar's Pizza franchise? Bank Of Lenawee has a history of making these loans and they are guaranteed by the SBA.

If you live near Tecumseh, Michigan and are interested in buying a Little Ceasar's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Bank Of Lenawee. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LITTLE CAESAR'S PIZZA
TECUMSEH, MI 49286

SBA Loan Lender

BANK OF LENAWEE
135 E MAUMEE ST
ADRIAN, MI 49221

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/22/2005

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Little Ceasar's Pizza franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Tecumseh or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Little Caesars

Borrowing Money from Friends and Family

SBA Approved Banks in Adrian, Michigan

SBA Participating Banks in Michigan