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May 11, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Cleveland, Business Loans > National City Bank Cleveland Business Loans > Florists Loan | ||||
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How to Get SBA Loans in Bay City, Michigan
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Florists Business LoansWith these business loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $84,600 was given to a Michigan entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bay City, Michigan was able to borrow $84,600 from National City Bank. The SBA made the loan possible by guaranteeing $42,300 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender NATIONAL CITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 453110 - Florists Loan Approval Date 12/15/2006 Loan Approval Gross Amount $84,600 Loan Approval from the SBA Of the total $84,600 loan amount, the SBA guaranteed $42,300. More Information on This SBA Loan The borrower borrowed this money for a new 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 indicated that the loan would help generate 1 new job and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Bay City 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: Best Cleveland, Ohio Banks for Small Business
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