 |
 |
May 16, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Iron Mountain, Business Loans > 1st National Bank & Trust - Iron Mo Iron Mountain Business Loans > Cosmetology And Barber Schools Loan | ||||
 |
||||
Michigan SBA Lenders
|
||||
 |
Iron Mountain, Michigan Bank Gives SBA Loan to Cosmetology And Barber Schools CompanyThinking about meeting with an Iron Mountain, Michigan bank about a small business loan? Here's one Michigan business loan, issued by an Iron Mountain bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank & Trust - Iron Mo worked out well for our friends at one local business in Iron Mountain, Michigan. They received an SBA loan for $30,500. Way to go! SBA Loan Borrower COMPANY TYPE: COSMETOLOGY AND BARBER SCHOOLS SBA Loan Lender 1ST NATIONAL BANK & TRUST - IRON MO This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611511 - Cosmetology and Barber Schools Loan Approval Date 12/7/2004 Loan Approval Gross Amount $30,500 Loan Approval from the SBA Of the total $30,500 loan amount, the SBA guaranteed $25,925. More Information on This SBA Loan The borrower borrowed this money for a new 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 did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: Best Iron Mountain, Michigan Banks for Small Business Getting an SBA Loan in Michigan
|
|
||
|
||||
|
|
||||