Raising Money for Florists
Looking for bank loans for florists? The SBA may be the answer. This $563,000 florists loan was issued by a Michigan bank.
This company knew how to go about getting a business bank loan. Based in Grand Rapids, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Lasalle Bank Midwest, based in Lansing, Michigan.
SBA Loan Borrower
COMPANY TYPE: FLORISTS
GRAND RAPIDS, MI 49505
SBA Loan Lender
LASALLE BANK MIDWEST
124 W ALLEGAN
LANSING, MI 48933
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5992 - Florists
NAICS Code
453110 - Florists
Loan Approval Date
8/8/2000
Loan Approval Gross Amount
$563,000
Loan Approval from the SBA
Of the total $563,000 loan amount, the SBA guaranteed $422,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $563,000 loan. Remember, feel the fear, and do it anyway.
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:
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Michigan SBA 7A Lenders