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May 9, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Flint, Business Loans > Citizens Bank Flint Business Loans > Record And Prerecorded Tape Stores Loan | ||||
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Saginaw SBA Loans from Citizens Bank
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SBA Loan from Citizens Bank Helps Record And Prerecorded Tape Stores CompanyAn SBA loan from Citizens Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Saginaw, Michigan business owner got a $130,000 loan. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Citizens Bank, out of Flint, Michigan. The loan was granted and they received $130,000 to help grow their Saginaw, Michigan business. SBA Loan Borrower COMPANY TYPE: RECORD AND PRERECORDED TAPE STORES SBA Loan Lender CITIZENS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5735 - Record and Prerecorded Tape Stores NAICS Code 451220 - Prerecorded Tape, Compact Disc, and Record Stores Loan Approval Date 2/26/2001 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. 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 Flint, Michigan
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