Schools and Instruction Business Loans

With these business loans for schools and instruction, the SBA guarantees the lender that the loan will be repaid. This schools and instruction loan for $82,681 was given to a Michigan entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Peoples State Bank, out of Madison Heights, Michigan. The loan was granted and they received $82,681 to help grow their Fenton, Michigan business.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND EDUCATIONAL SERVICES
FENTON, MI 48430

SBA Loan Lender

PEOPLES STATE BANK
1800 E 12 MILE RD
MADISON HEIGHTS, MI 48071

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8299 - Schools and Educational Services

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

8/18/2003

Loan Approval Gross Amount

$82,681

Loan Approval from the SBA

Of the total $82,681 loan amount, the SBA guaranteed $70,278.

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 did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Fenton MI, you ought to talk with a local Fenton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fenton businesses.

This SBA loan was for $82,681. How would you spend $82,681 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.

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