Fifth Third Bank Provides SBA Loan to Buy Educational Outfitters Franchising Franchise

Borrowing money to invest in an Educational Outfitters Franchising franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Educational Outfitters Franchising franchise requires some effort but others before you have been successful. In 2005, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Wyoming, Michigan. Because Educational Outfitters Franchising was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

BRAD KAMPHUIS LLC DBA EDUCATIO
WYOMING, MI 49509

SBA Loan Lender

FIFTH THIRD BANK
111 LYON ST NW
GRAND RAPIDS, MI 49503

This lender processed this SBA 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

315222 - Men's and Boys' Cut and Sew Suit, Coat, and Overcoat Manufacturing

Loan Approval Date

6/7/2005

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Educational Outfitters Franchising franchise. At the time of the loan, the company had no employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Fifth Third Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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