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May 9, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Port Huron, Business Loans > Citizens First Savings Bank Port Huron Business Loans > Retail Bakeries Loan | ||||
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Examples of Harbor Beach SBA Loans
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Retail Bakeries Business LoansLooking for business loans for retail bakeries? The SBA may be the answer. This $111,000 retail bakeries loan was issued by a Michigan bank. This small business knew how to go about getting a business bank loan. Based in Harbor Beach, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Citizens First Savings Bank, based in Port Huron, Michigan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender CITIZENS FIRST SAVINGS BANK 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 311811 - Retail Bakeries Loan Approval Date 1/4/2008 Loan Approval Gross Amount $111,000 Loan Approval from the SBA Of the total $111,000 loan amount, the SBA guaranteed $55,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Good Banks for Small Business in Port Huron, Michigan Find an SBA Lender in Michigan
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