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April 28, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Salt Lake City, Business Loans > Amer Express Centurion Bk Salt Lake City Business Loans > Home Furnishing Merchant Wholesalers Loan | ||||
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I Need a Business Loan in Rochester, Michigan
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Getting an SBA Loan for Home Furnishing Merchant WholesalersLooking for SBA loans for home furnishing merchant wholesalers? The SBA may be the answer. This $10,500 home furnishing merchant wholesalers loan was issued by an Utah bank. This business knew how to go about getting a business bank loan. Based in Rochester, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Amer Express Centurion Bk, based in Salt Lake City, Utah. SBA Loan Borrower COMPANY TYPE: HOME FURNISHING MERCHANT WHOLESALERS SBA Loan Lender AMER EXPRESS CENTURION BK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 423220 - Home Furnishing Merchant Wholesalers Loan Approval Date 7/31/2003 Loan Approval Gross Amount $10,500 Loan Approval from the SBA Of the total $10,500 loan amount, the SBA guaranteed $5,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amer Express Centurion Bk 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: SBA 7A Banks for Salt Lake City, Utah Loans
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