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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Flint, Business Loans > Citizens Bank Flint Business Loans > Accounting Services Loan | ||||
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Raising Money in East Lansing, Michigan With SBA Loans
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Accounting Services Commercial LoansLooking for commercial loans for accounting services? An SBA loan may be just what you've been looking for. This $100,000 accounting services loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Lansing, Michigan was able to borrow $100,000 from Citizens Bank. The SBA made the loan possible by guaranteeing $50,000 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: ACCOUNTING SERVICES SBA Loan Lender CITIZENS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 541219 - Accounting Services Loan Approval Date 6/23/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My 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. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Find an SBA Lender in Michigan
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