Michigan Small Business Loan Issued to Beauty Salons Company

MichiganBank loans are available to Michigan firms through the SBA. In this case, a Michigan bank provides the loan.

Getting a small business loan in Bloomfield Hills, Michigan was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Auburn Hills. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
BLOOMFIELD HILLS, MI 48304

SBA Loan Lender

BANK OF AUBURN HILLS
1988 N OPDYKE RD
AUBURN HILLS, MI 48326

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/23/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 no employees. The SBA loan application for the borrower indicated that the funding would help create 3 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

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Banks in Auburn Hills, Michigan

Where to Get an SBA Loan Michigan