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April 27, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Southfield, Business Loans > First Place Bank Southfield Business Loans > Dkjb Corporation Loan | ||||
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Where Can I Find Franchise Loans in Brighton, Michigan?
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First Place Bank Provides SBA Loan to Buy Chem-Dry FranchiseNeed money to buy a Chem-Dry franchise? First Place Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Brighton, Michigan needed money to invest in a Chem-Dry franchise back in 2003. First Place Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower DKJB CORPORATION SBA Loan Lender FIRST PLACE 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 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 8/8/2003 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $57,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Chem-Dry franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $115,000 loan. Remember, you control your own destiny. 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: Chem-Dry Carpet & Upholstery Cleaning Accountant's Role in Securing Financing Small Bank Loans in Southfield, Michigan Getting an SBA Loan in Michigan
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