Growing Company Gets a Michigan Business Loan
Would a Michigan bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Michigan bank, which offers SBA loans to Michigan entrepreneurs.
Getting a small business loan in Flint, Michigan was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank. Here are the details on this Michigan small business loan.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL SCREEN PRINTING
FLINT, MI 48506
SBA Loan Lender
CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
323113 - Commercial Screen Printing
Loan Approval Date
1/30/2002
Loan Approval Gross Amount
$615,000
Loan Approval from the SBA
Of the total $615,000 loan amount, the SBA guaranteed $461,250.
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 59 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you have been wondering how do i get money to start a business in Flint MI, you ought to talk with a local Flint SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Flint businesses.
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:
Angel Investors
SBA 7A Banks for Flint, Michigan Loans
SBA Lenders in Michigan