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May 4, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Lansing, Business Loans > Citizens Bank Lansing Business Loans > Lawyers Loan | ||||
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We Needed an SBA 7A Loan in Upper Arlington, Ohio and We Got One!
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Lawyers Small Business LoansLooking for small business loans for lawyers? The SBA may be the answer. This $1,185,100 lawyers loan was issued by a Michigan bank. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citizens Bank, out of Lansing, Michigan. The loan was granted and they received $1,185,100 to help grow their Upper Arlington, Ohio business. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender CITIZENS BANK This lender provides SBA debt financing 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 541110 - Lawyers Loan Approval Date 5/16/2006 Loan Approval Gross Amount $1,185,100 Loan Approval from the SBA Of the total $1,185,100 loan amount, the SBA guaranteed $888,825. 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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in Lansing, Michigan
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