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May 17, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Banks in Grand Rapids, Michigan That Make SBA Loans
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Entrepreneur Works With Grand Rapids, Michigan Bank to Get an SBA LoanThinking about meeting with a Grand Rapids, Michigan bank about a small business loan? Here's one Indiana business loan, issued by a Grand Rapids bank, that was approved by the SBA. Applying for an SBA loan with Fifth Third Bank worked out well for our friends at one local company in Troy, Indiana. They received an SBA loan for $294,400. Awesome! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender FIFTH THIRD BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 2/16/2007 Loan Approval Gross Amount $294,400 Loan Approval from the SBA Of the total $294,400 loan amount, the SBA guaranteed $220,800. 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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs. Start the Process for Getting an SBA Loan Today! If you need business start up money in Troy IN, you ought to talk with a local Troy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Troy businesses. We can help you find the best banks for small businesses in Troy or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies Small Bank Loans in Grand Rapids, Michigan
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