 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Lasalle Bank Midwest Lansing Business Loans > Florists Loan | ||||
 |
||||
SBA Lender Michigan
|
||||
 |
SBA Loan from Lasalle Bank Midwest Helps Florists CompanyLasalle Bank Midwest has a track record as a leading provider of SBA loans. Find out how this Michigan entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Ferndale, Michigan, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Lasalle Bank Midwest, based in Lansing, Michigan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender LASALLE BANK MIDWEST This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 453110 - Florists Loan Approval Date 11/1/2007 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Banking Deregulation's Effects on Entrepreneurship SBA Approved Banks in Lansing, Michigan
|
|
||
|
||||
|
|
||||