Where to Get Capital for Nonscheduled Chartered Passenger Air Transportation

Looking for small business loans for nonscheduled chartered passenger air transportation? The SBA may be the answer. This $102,500 nonscheduled chartered passenger air transportation loan was issued by a Michigan bank.

This company knew how to go about getting a business bank loan. Based in Lansing, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Capitol National Bank, based in Lansing, Michigan.

SBA Loan Borrower

COMPANY TYPE: NONSCHEDULED CHARTERED PASSENGER AIR TRANSPORTATION
LANSING, MI 48917

SBA Loan Lender

CAPITOL NATIONAL BANK
200 WASHINGTON SQ NORTH
LANSING, MI 48933

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

481211 - Nonscheduled Chartered Passenger Air Transportation

Loan Approval Date

4/6/2007

Loan Approval Gross Amount

$102,500

Loan Approval from the SBA

Of the total $102,500 loan amount, the SBA guaranteed $87,125.

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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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