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November 21, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Fenton, Business Loans > The State Bank Fenton Business Loans > Florists Loan | ||||
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Business Loans for Brighton Small Business Owners
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Florists Commercial LoansLooking for commercial loans for florists? An SBA loan may be just what you've been looking for. This $70,000 florists loan was issued by a Michigan bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with The State Bank, out of Fenton, Michigan. The loan was granted and they received $70,000 to help grow their Brighton, Michigan business. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender THE STATE BANK This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 453110 - Florists Loan Approval Date 9/11/2006 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help create 4 new jobs. Next Steps for Getting an SBA Loan 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: SBA Approved Banks in Fenton, Michigan
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