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November 21, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Drinking Places Loan | ||||
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Detroit, Michigan Bank for SBA Loans
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Firm Gets a Michigan Bank LoanMichiganSmall business loans are available to Michigan small business owners through the SBA. In this case, a Texas bank provides the loan. Getting a small business loan in Detroit, Michigan was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender COMERICA BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 6/18/2003 Loan Approval Gross Amount $255,600 Loan Approval from the SBA Of the total $255,600 loan amount, the SBA guaranteed $191,700. More Information on This SBA Loan The borrower borrowed this money for an existing 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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: The Friends and Family Network
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