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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Coldwater, Business Loans > Century Bank And Trust Coldwater Business Loans > Petroleum Bulk Stations And Terminals Loan | ||||
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SBA Lenders Michigan
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Coldwater, Michigan Lender Lends Money to Petroleum Bulk Stations And Terminals CompanyA Coldwater, Michigan small business loan can be yours. Learn how a business got a $225,000 business loan from this Michigan bank. This loan to an entrepreneur is a good example of an SBA loan. Century Bank And Trust made the loan and the SBA guaranteed a portion of the loan. Many other Michigan entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS SBA Loan Lender CENTURY BANK AND TRUST The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 422710 - Petroleum Bulk Stations and Terminals Loan Approval Date 10/4/2004 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $112,500. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Quincy 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: SBA 7A Banks for Coldwater, Michigan Loans
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