National City Bank Provides SBA Loan to Buy Lentz Usa Franchise

Borrowing money to invest in a Lentz Usa franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Lentz Usa franchise requires some effort but others before you have been successful. In 2005, National City Bank issued an SBA franchise loan to an entrepreneur in Traverse City, Michigan. Because Lentz Usa was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

STAR FOX, INC
Traverse City, MI 49684

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

811111 - General Automotive Repair

Loan Approval Date

3/30/2005

Loan Approval Gross Amount

$105,700

Loan Approval from the SBA

Of the total $105,700 loan amount, the SBA guaranteed $52,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lentz Usa franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Traverse City MI, you ought to talk with a local Traverse City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Traverse City businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like National City Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Lentz USA Service Centers

Small Business Credit Cards

Where to Get an SBA Loan in Bannockburn, Illinois

SBA Participating Banks in Illinois