Solid Waste Collection Small Business Loans

Looking for small business loans for solid waste collection? Talk to a banker who works with the SBA. This $350,000 solid waste collection loan was issued by a Michigan bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cheboygan, Michigan was able to borrow $350,000 from Citizens National Bank - Cheboygan. The SBA made the loan possible by guaranteeing $175,000 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
CHEBOYGAN, MI 49721

SBA Loan Lender

CITIZENS NATIONAL BANK - CHEBOYGAN
303 N MAIN ST
CHEBOYGAN, MI 49721

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

562111 - Solid Waste Collection

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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.

We can help you find the best banks for small businesses in Cheboygan 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.

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