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April 26, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Madison Heights, Business Loans > Peoples State Bank Madison Heights Business Loans > Tropi-Tan Loan | ||||
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Raising Money in Garden City, Michigan With SBA Loans
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Loan to Buy Tropi-Tan Franchise Issued By Peoples State BankNeed money to invest in a Tropi-Tan franchise? Peoples State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Garden City, Michigan needed money to invest in a Tropi-Tan franchise back in 2001. Peoples State Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower TROPI-TAN SBA Loan Lender PEOPLES STATE BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 812199 - Personal Care Services Loan Approval Date 9/24/2001 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Tropi-Tan franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Dealing With Venture Capitalists Banks in Madison Heights, Michigan
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