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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Toledo, Business Loans > The Huntington National Bank Toledo Business Loans > Computer And Computer Software Stores Loan | ||||
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Business Loan from The Huntington National Bank
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Business Loan from The Huntington National Bank Given to Computer And Computer Software Stores CompanyThe Huntington National Bank has a track record as a leading provider of SBA loans. Find out how this Michigan entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fenton, Michigan was able to borrow $150,000 from The Huntington National Bank. The SBA made the loan possible by guaranteeing $112,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER AND COMPUTER SOFTWARE STORES SBA Loan Lender THE HUNTINGTON NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5734 - Computer and Computer Software Stores NAICS Code 443120 - Computer and Software Stores Loan Approval Date 3/28/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 5 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Fenton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Lenders in Toledo, Ohio
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