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November 21, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Adrian, Business Loans > Bank Of Lenawee Adrian Business Loans > Pet Care Services Loan | ||||
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Bank Of Lenawee Small Business
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Business Loan from Bank Of Lenawee Given to Pet Care Services CompanyBank Of Lenawee is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Michigan entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Jackson, Michigan, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Bank Of Lenawee, based in Adrian, Michigan. SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender BANK OF LENAWEE The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812910 - Pet Care Services Loan Approval Date 5/10/2006 Loan Approval Gross Amount $238,000 Loan Approval from the SBA Of the total $238,000 loan amount, the SBA guaranteed $178,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $238,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Adrian, Michigan Banks for Small Business Getting an SBA Loan in Michigan
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