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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Kalamazoo, Business Loans > Keystone Community Bank Kalamazoo Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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SBA Lender Michigan
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Keystone Community Bank SBA Loan to Gasoline Stations With Convenience Stores CompanyKeystone Community Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Michigan entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Keystone Community Bank, out of Kalamazoo, Michigan. The loan was granted and they received $784,000 to help grow their Shelbyville, Michigan business. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender KEYSTONE COMMUNITY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/30/2006 Loan Approval Gross Amount $784,000 Loan Approval from the SBA Of the total $784,000 loan amount, the SBA guaranteed $588,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Keystone Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Keystone Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Decide How Much to Raise Small Business Banks in Kalamazoo, Michigan
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