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May 4, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Southfield, Business Loans > First Place Bank Southfield Business Loans > Kidney Dialysis Centers Loan | ||||
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Detroit, Michigan Bank Loan
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Kidney Dialysis Centers Commercial LoansLooking for commercial loans for kidney dialysis centers? Talk to a banker who works with the SBA. This $466,000 kidney dialysis centers loan was issued by a Michigan bank. This small business knew how to go about getting a business bank loan. Based in Detroit, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First Place Bank, based in Southfield, Michigan. SBA Loan Borrower COMPANY TYPE: KIDNEY DIALYSIS CENTERS SBA Loan Lender FIRST PLACE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621492 - Kidney Dialysis Centers Loan Approval Date 12/2/2004 Loan Approval Gross Amount $466,000 Loan Approval from the SBA Of the total $466,000 loan amount, the SBA guaranteed $349,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Southfield, Michigan
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