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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Traverse City, Business Loans > Citizens Bank Traverse City Business Loans > Homes For The Elderly Loan | ||||
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Traverse City SBA Lenders
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Entrepreneur Works With Traverse City, Michigan Bank to Get an SBA LoanThinking about meeting with a Traverse City, Michigan bank about a small business loan? Here's one Michigan business loan, issued by a Traverse City bank, that was approved by the SBA. Applying for an SBA loan with Citizens Bank worked out well for our friends at one local business in Lake City, Michigan. They received an SBA loan for $200,000. Great job! SBA Loan Borrower COMPANY TYPE: HOMES FOR THE ELDERLY SBA Loan Lender CITIZENS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 623312 - Homes for the Elderly Loan Approval Date 4/13/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 47 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 45 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Family and Friend Investors - Your First Financiers SBA 7A Lenders in Traverse City, Michigan SBA Participating Banks in Michigan
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