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November 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Beauty Salons Loan | ||||
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Raising Money in Saline, Michigan With SBA Loans
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Beauty Salons Business LoansLooking for business loans for beauty salons? Try the SBA. This $162,000 beauty salons loan was issued by an Illinois bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saline, Michigan was able to borrow $162,000 from National City Bank. The SBA made the loan possible by guaranteeing $121,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender NATIONAL CITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 3/5/2003 Loan Approval Gross Amount $162,000 Loan Approval from the SBA Of the total $162,000 loan amount, the SBA guaranteed $121,500. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan If you need money to start business in Saline MI, you ought to talk with a local Saline SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saline businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $162,000 loan. Remember, if it to be, it is up to me! 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: The Friends and Family Network SBA Approved Banks in Bannockburn, Illinois
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