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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Coldwater, Business Loans > Century Bank And Trust Coldwater Business Loans > Personal Care Services Loan | ||||
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Who Lends Money to Coldwater Small Businesses
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Michigan Business Loan Issued to Personal Care Services CompanyMichiganSmall business loans are available to Michigan small business owners through the SBA. In this case, a Michigan bank provides the loan. This company, based in Coldwater, Michigan, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Century Bank And Trust. We've got the inside scoop on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender CENTURY BANK AND TRUST The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 812199 - Personal Care Services Loan Approval Date 1/25/2005 Loan Approval Gross Amount $13,200 Loan Approval from the SBA Of the total $13,200 loan amount, the SBA guaranteed $6,600. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? If you need business start up money in Coldwater MI, you ought to talk with a local Coldwater SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coldwater businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $13,200 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Accountant's Role in Securing Financing SBA 7A Lenders in Coldwater, Michigan
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