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November 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Citizens Bank Lansing Business Loans > Veterinary Services Loan | ||||
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How to Get SBA Loans in Okemos, Michigan
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Raising Money for Veterinary ServicesLooking for bank loans for veterinary services? Try the SBA. This $490,500 veterinary services loan was issued by a Michigan bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Citizens Bank, out of Lansing, Michigan. The loan was granted and they received $490,500 to help grow their Okemos, Michigan business. SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES SBA Loan Lender CITIZENS BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541940 - Veterinary Services Loan Approval Date 10/18/2002 Loan Approval Gross Amount $490,500 Loan Approval from the SBA Of the total $490,500 loan amount, the SBA guaranteed $367,875. 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 5 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Bank and they will explain how you can get an SBA loan for your company. 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 Lansing, Michigan Banks for Small Business
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