Haslett, Michigan Entrepreneur Gets a Small Business Loan
Would a Michigan small business loan help your small business to grow and prosper? If so, you may want to talk with this Ohio bank, which offers SBA loans to Michigan entrepreneurs.
You can learn something about getting a small business loan in Haslett, Michigan by studying this loan to a local company, made back in 2001. Banks like Fifth Third Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: ACCOUNTING, AUDITING, AND BOOKKEEPING SERVICES
HASLETT, MI 48840
SBA Loan Lender
FIFTH THIRD BANK
38 FOUNTAIN SQ PLZ
CINCINNATI, OH 45263
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8721 - Accounting, Auditing, and Bookkeeping Services
NAICS Code
541214 - Payroll Services
Loan Approval Date
9/26/2001
Loan Approval Gross Amount
$148,500
Loan Approval from the SBA
Of the total $148,500 loan amount, the SBA guaranteed $126,225.
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 6 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We can help you find the best banks for small businesses in Haslett 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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