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November 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Fairmount, Business Loans > Peoples State Bank Fairmount Business Loans > Furniture Stores Loan | ||||
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Peoples State Bank
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Peoples State Bank SBA Loan to Furniture Stores CompanyAn SBA loan from Peoples State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Livonia, Michigan business owner got a $175,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Livonia, Michigan was able to borrow $175,000 from Peoples State Bank. The SBA made the loan possible by guaranteeing $87,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender PEOPLES STATE BANK This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 442110 - Furniture Stores Loan Approval Date 2/22/2007 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $87,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: Small Business Banks in Fairmount, North Dakota
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