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May 16, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Fenton, Business Loans > The State Bank Fenton Business Loans > Tile And Terrazzo Contractors Loan | ||||
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SBA Lender Fenton
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Fenton, Michigan Bank Lends Money to Tile And Terrazzo Contractors Company in Grand Blanc, MichiganA Fenton, Michigan business loan can be yours. Learn how one firm got a $25,800 business loan from this Michigan bank. This loan to a local firm is a good example of an SBA loan. The State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Michigan entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: TILE AND TERRAZZO CONTRACTORS SBA Loan Lender THE STATE BANK This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 238340 - Tile and Terrazzo Contractors Loan Approval Date 9/29/2006 Loan Approval Gross Amount $25,800 Loan Approval from the SBA Of the total $25,800 loan amount, the SBA guaranteed $12,900. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Find an SBA Lender in Fenton, Michigan Find an SBA Lender in Michigan
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