Get an SBA Loan for Liquefied Petroleum Gas Dealers

Looking for small business loans for liquefied petroleum gas dealers? An SBA loan may be just what you've been looking for. This $118,000 liquefied petroleum gas dealers loan was issued by a Michigan bank.

This company knew how to go about getting a business bank loan. Based in Ithaca, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Commercial Bank, based in Alma, Michigan.

SBA Loan Borrower

COMPANY TYPE: LIQUEFIED PETROLEUM GAS DEALERS
ITHACA, MI 48847

SBA Loan Lender

COMMERCIAL BANK
301 N STATE ST
ALMA, MI 48801

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

454312 - Liquefied Petroleum Gas Dealers

Loan Approval Date

11/8/2004

Loan Approval Gross Amount

$118,000

Loan Approval from the SBA

Of the total $118,000 loan amount, the SBA guaranteed $59,000.

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. This SBA loan request indicated that the loan would help retain 6 existing jobs.

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

If you are raising money in Ithaca MI, you ought to talk with a local Ithaca SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ithaca businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Commercial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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