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May 17, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Citizens Bank Lansing Business Loans > Freight Transportation Arrangement Loan | ||||
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We Needed an SBA Loan in South Lyon, Michigan and We Got One!
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Raising Money for Freight Transportation ArrangementLooking for business loans for freight transportation arrangement? Talk to a banker who works with the SBA. This $94,400 freight transportation arrangement loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Lyon, Michigan was able to borrow $94,400 from Citizens Bank. The SBA made the loan possible by guaranteeing $80,240 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: FREIGHT TRANSPORTATION ARRANGEMENT SBA Loan Lender CITIZENS 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 488510 - Freight Transportation Arrangement Loan Approval Date 9/28/2004 Loan Approval Gross Amount $94,400 Loan Approval from the SBA Of the total $94,400 loan amount, the SBA guaranteed $80,240. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens 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: Role of Business Plan When Raising Money SBA Participating Banks in Lansing, Michigan
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