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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Citizens Bank Lansing Business Loans > Masonry Contractors Loan | ||||
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Small Business Banks in Michigan
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Getting an SBA Loan for Masonry ContractorsWith these business loans for masonry contractors, the SBA guarantees the lender that the loan will be repaid. This masonry contractors loan for $571,500 was given to a Michigan entrepreneur in 2004. This business knew how to go about getting a business bank loan. Based in Burton, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Citizens Bank, based in Lansing, Michigan. SBA Loan Borrower COMPANY TYPE: MASONRY CONTRACTORS SBA Loan Lender CITIZENS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238140 - Masonry Contractors Loan Approval Date 12/8/2004 Loan Approval Gross Amount $571,500 Loan Approval from the SBA Of the total $571,500 loan amount, the SBA guaranteed $428,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 13 employees. This SBA loan request indicated that the loan would help retain 13 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $571,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Who Lends Money to Small Businesses in Lansing, Michigan Getting an SBA Loan in Michigan
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