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May 10, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Beulah, Business Loans > Central State Bank Beulah Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Beulah, Michigan SBA 7A Banks
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Beulah, Michigan Bank Lends Money to Coin-Operated Laundries And Drycleaners Company in Benzonia, MichiganThinking about meeting with a Beulah, Michigan bank about a small business loan? Here's one Michigan business loan, issued by a Beulah bank, that was approved by the SBA. Applying for an SBA loan with Central State Bank worked out well for our friends at one local firm in Benzonia, Michigan. They got an SBA loan for $455,000. Way to go! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender CENTRAL STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 5/29/2002 Loan Approval Gross Amount $455,000 Loan Approval from the SBA Of the total $455,000 loan amount, the SBA guaranteed $341,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees 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. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Role of Business Plan When Raising Money Good Banks for Small Business in Beulah, Michigan
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