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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Farmington Hills, Business Loans > Citizens First Savings Bank Farmington Hills Business Loans > Building Equipment Contractors Loan | ||||
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Good Banks for Howell Businesses
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Building Equipment Contractors Business LoansWith these business loans for building equipment contractors, the SBA guarantees the lender that the loan will be repaid. This building equipment contractors loan for $100,000 was given to a Michigan entrepreneur in 2003. This small business knew how to go about getting a business bank loan. Based in Howell, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Citizens First Savings Bank, based in Farmington Hills, Michigan. SBA Loan Borrower COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS SBA Loan Lender CITIZENS FIRST SAVINGS BANK 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 238290 - Building Equipment Contractors Loan Approval Date 6/25/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 27 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 30 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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: Small Bank Loans in Farmington Hills, Michigan SBA Participating Banks in Michigan
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