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December 23, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Alpena, Business Loans > Independent Bank Alpena Business Loans > Physicians Loan | ||||
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Small Business Banks for Alpena Businesses
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Physicians Small Business LoansLooking for small business loans for physicians? The SBA may be the answer. This $290,000 physicians loan was issued by a Michigan bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Independent Bank, out of Alpena, Michigan. The loan was granted and they received $290,000 to help grow their Alpena, Michigan business. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender INDEPENDENT BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 6/8/2004 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. 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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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: Determining Proper Capital Structure for a Business SBA 7A Lenders in Alpena, Michigan Find an SBA Lender in Michigan
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