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May 11, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > East Lansing, Business Loans > Summit Community Bank East Lansing Business Loans > Pet Care Services Loan | ||||
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What Does It Take to Get a Business Loan in Saint Johns, Michigan?
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Financing for Pet Care ServicesWith these loans for pet care services, the SBA guarantees the lender that the loan will be repaid. This pet care services loan for $283,500 was given to a Michigan entrepreneur in 2004. This small firm knew how to go about getting a business bank loan. Based in Saint Johns, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Summit Community Bank, based in East Lansing, Michigan. SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender SUMMIT COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812910 - Pet Care Services Loan Approval Date 3/3/2004 Loan Approval Gross Amount $283,500 Loan Approval from the SBA Of the total $283,500 loan amount, the SBA guaranteed $212,625. 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. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Banks in East Lansing, Michigan
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