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May 10, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Capitol National Bank Lansing Business Loans > Nonscheduled Chartered Passenger Air Transportation Loan | ||||
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SBA 7A Banks for Lansing Business Owners
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Where to Get Capital for Nonscheduled Chartered Passenger Air TransportationLooking for small business loans for nonscheduled chartered passenger air transportation? The SBA may be the answer. This $102,500 nonscheduled chartered passenger air transportation loan was issued by a Michigan bank. This company knew how to go about getting a business bank loan. Based in Lansing, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Capitol National Bank, based in Lansing, Michigan. SBA Loan Borrower COMPANY TYPE: NONSCHEDULED CHARTERED PASSENGER AIR TRANSPORTATION SBA Loan Lender CAPITOL NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 481211 - Nonscheduled Chartered Passenger Air Transportation Loan Approval Date 4/6/2007 Loan Approval Gross Amount $102,500 Loan Approval from the SBA Of the total $102,500 loan amount, the SBA guaranteed $87,125. 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 SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Where to Get an SBA Loan in Lansing, Michigan
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