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May 16, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Farmington, Business Loans > Franklin Savings Bank Farmington Business Loans > Ambulatory Health Care Services Loan | ||||
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Southfield, Michigan Bank Loan
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Business Loans for Ambulatory Health Care ServicesLooking for business loans for ambulatory health care services? An SBA loan may be just what you've been looking for. This $350,000 ambulatory health care services loan was issued by a Maine bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Franklin Savings Bank, out of Farmington, Maine. The loan was granted and they received $350,000 to help grow their Southfield, Michigan business. SBA Loan Borrower COMPANY TYPE: AMBULATORY HEALTH CARE SERVICES SBA Loan Lender FRANKLIN SAVINGS BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 621999 - Ambulatory Health Care Services Loan Approval Date 1/27/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $350,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 for Small Business in Farmington, Maine
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