Rbs Citizens SBA Loan to Offices And Clinics Of Dentists Company
Rbs Citizens has a track record as a leading provider of SBA loans. Find out how this Michigan entrepreneur received an SBA loan from them.
This growing company knew how to go about getting a business bank loan. Based in Sterling Heights, Michigan, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Rbs Citizens, based in Cleveland, Ohio.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
STERLING HEIGHTS, MI 48310
SBA Loan Lender
1215 SUPERIOR AVE
CLEVELAND, OH 44114
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
8021 - Offices and Clinics of Dentists
621210 - Dentists
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $68,000.
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 2 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rbs Citizens 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.
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