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November 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Tecumseh, Business Loans > United Bank & Trust Tecumseh Business Loans > Home Centers Loan | ||||
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Morenci, Michigan Bank Loan
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Where to Get Capital for Home CentersLooking for SBA loans for home centers? Try the SBA. This $350,000 home centers loan was issued by a Michigan bank. This business knew how to go about getting a business bank loan. Based in Morenci, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was United Bank & Trust, based in Tecumseh, Michigan. SBA Loan Borrower COMPANY TYPE: HOME CENTERS SBA Loan Lender UNITED BANK & TRUST This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444110 - Home Centers Loan Approval Date 5/30/2002 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Morenci or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Family and Friend Investors - Your First Financiers SBA 7A Banks in Tecumseh, Michigan
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