SBA Loan from Greenville Community Bank Helps Home Centers Company

An SBA loan from Greenville Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Greenville, Michigan business owner got a $180,000 loan.

Getting a small business loan in Greenville, Michigan was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Greenville Community Bank, operating out of Greenville, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME CENTERS
GREENVILLE, MI 48838

SBA Loan Lender

GREENVILLE COMMUNITY BANK
1405 W WASHINGTON ST
GREENVILLE, MI 48838

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

444110 - Home Centers

Loan Approval Date

10/4/2006

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $90,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Financing Your Business

Best Greenville, Michigan Banks for Small Business

Michigan SBA Banks