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May 17, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Mail Boxes, Etc. Loan | ||||
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How to Get SBA Loans in Saline, Michigan
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Saline, MI Entrepreneur Gets SBA Loan to Buy Mail Boxes Etc. Usa FranchiseBorrowing money to buy a Mail Boxes Etc. Usa franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Saline, Michigan needed money to invest in a Mail Boxes Etc. Usa franchise back in 2003. National City Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower MAIL BOXES, ETC. SBA Loan Lender NATIONAL CITY 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 7389 - Business Services NAICS Code 561431 - Private Mail Centers Loan Approval Date 2/24/2003 Loan Approval Gross Amount $117,000 Loan Approval from the SBA Of the total $117,000 loan amount, the SBA guaranteed $99,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mail Boxes Etc. Usa franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. 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: Small Business Banks in Bannockburn, Illinois
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