Loan Census Banking News and Information
December 23, 2024  
 
 
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SBA 7A Banks in Michigan

 

 
Loan Census SBA Loan Info

Dentists Bank Loans

With these bank loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $519,100 was given to a Michigan entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Burton, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Comerica Bank, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
Burton, MI 48529

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

621210 - Dentists

Loan Approval Date

10/21/2005

Loan Approval Gross Amount

$519,100

Loan Approval from the SBA

Of the total $519,100 loan amount, the SBA guaranteed $389,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Burton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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SBA Banks in Dallas, Texas

Texas SBA 7A Banks