Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Flint, Michigan SBA Lenders

 

 
Loan Census SBA Loan Info

Flint, Michigan Bank Lends Money to Physicians Company in Kalamazoo, Michigan

Want to talk with a Flint, Michigan bank about an SBA loan? Here's one Michigan business loan, issued by a Flint bank, that was approved by the SBA.

Applying for an SBA loan with Citizens Bank worked out well for our friends at one local company in Kalamazoo, Michigan. They got an SBA loan for $200,000. Nice!

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
KALAMAZOO, MI 49806

SBA Loan Lender

CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

8/14/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

The Friends and Family Network

SBA Participating Banks in Flint, Michigan

Michigan SBA 7A Lenders