Loan Census Banking News and Information
November 22, 2024  
 
 
  Business Loan Information  
 

Best Banks in Michigan

 

 
Loan Census SBA Loan Info

Commercial Loans for General Rental Centers

Looking for commercial loans for general rental centers? Talk to a banker who works with the SBA. This $73,600 general rental centers loan was issued by an Ohio bank.

Getting a small business loan in Rapid City, Michigan was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The Huntington National Bank, operating out of Columbus, Ohio. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL RENTAL CENTERS
RAPID CITY, MI 49676

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

532310 - General Rental Centers

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$73,600

Loan Approval from the SBA

Of the total $73,600 loan amount, the SBA guaranteed $36,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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.

Related Links:

How Equity Dilution Works

SBA 7A Lenders in Columbus, Ohio

Getting a Business Loan in Ohio