Citizens Bank Gives Bank Loan to Water, Sewer, And Pipeline Construction Company

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.

By giving the right information to Citizens Bank, this Grand Blanc, Michigan business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND PIPELINE CONSTRUCTION
GRAND BLANC, MI 48439

SBA Loan Lender

CITIZENS BANK
2425 E GRAND RIVER AVE
LANSING, MI 48912

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

234910 - Water, Sewer, and Pipeline Construction

Loan Approval Date

6/18/2004

Loan Approval Gross Amount

$688,500

Loan Approval from the SBA

Of the total $688,500 loan amount, the SBA guaranteed $516,375.

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 100 employees. This SBA loan request indicated that the loan would help retain 100 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Grand Blanc MI, you ought to talk with a local Grand Blanc SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Blanc businesses.

We can help you find the best banks for small businesses in Grand Blanc or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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