Grand Rapids Entrepreneur Achieves Goal of Owning a Franchise with The Help of SBA 7A Loan
Updated: Mar 22, 2022
After helping run several Little Caesars Pizza locations, a Michigan man finally had the opportunity to buy a franchise of his own. With obtaining and managing a franchise, comes many responsibilities and costs— and that’s where Centrust Bank stepped in.
In order for Ryne Bilderbeck to achieve his goal of becoming a business owner, he needed assistance to buy it from the seller. After applying for an SBA 7A loan from Centrust, he now had the financing and capital he needed to make this vision a reality. Bilderbeck is now individually running this Little Caesars Grand Rapids, Michigan location, and has contributed significantly to the growth of the store while simultaneously living out his dream of being a business owner.
Due to the COVID-19 crisis, Bilderbeck, like many other restaurant owners, has been forced to resort to solely relying on carry-out and delivery orders to promote social distancing. Because of the nature of a pizza shop, Bilderbeck was fortunate to be equipped with the tools and knowledge needed to keep this business running.
“We’re actively working on trying and implementing the PP loan program for the SBA, a payroll protection loan program aimed to help during this crisis and save valuable jobs,” says Centrust Bank Senior Vice President, Tom Meyer, “also, we’ve all adjusted given what is going on right now and are still open for business to serve the needs of our clients.”
About Little Caesars Pizza
Based in Detroit, Little Caesars was established in 1959 as a family-owned restaurant and is now recognized as the third-largest pizza chain in the world. With a forthright business model and millions of loyal customers, their franchise program is an excellent venture for entrepreneurs who want to make a difference.
About Centrust Bank
Founded in 2006, Centrust Bank has grown to become a leading Chicago area community bank that focuses on helping small to mid-sized businesses grow safely and profitably. Centrust has established itself as a leader in and excels at offering SBA programs for small businesses.
To learn more, or to contact Centrust Bank, please visit their website: centrustbank.com
Centrust Bank is an Equal Housing Lender. Member FDIC.