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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Fenton, Business Loans > The State Bank Fenton Business Loans > Optometrists Loan | ||||
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The State Bank Small Business Fenton
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The State Bank SBA Loan to Optometrists CompanyAn SBA loan from The State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fenton, Michigan business owner got a $125,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The State Bank, out of Fenton, Michigan. The loan was granted and they received $125,000 to help grow their Fenton, Michigan business. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender THE STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621320 - Optometrists Loan Approval Date 11/12/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $125,000. How would you spend $125,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks for Small Business in Fenton, Michigan
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