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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Ambulance Services Loan | ||||
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MI SBA Loans from National City Bank
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Burton, Michigan Business Gets SBA-Guaranteed Funding from National City BankAn SBA loan from National City Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Burton, Michigan business owner got a $194,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Burton, Michigan was able to borrow $194,000 from National City Bank. The SBA made the loan possible by guaranteeing $145,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: AMBULANCE SERVICES SBA Loan Lender NATIONAL CITY BANK This lender provides SBA small business 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 621910 - Ambulance Services Loan Approval Date 1/10/2003 Loan Approval Gross Amount $194,000 Loan Approval from the SBA Of the total $194,000 loan amount, the SBA guaranteed $145,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Bannockburn, Illinois
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