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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 > Valpak Of Northern Michigan Loan | ||||
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Good Banks for Traverse City Small Business Owners
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Traverse City, MI Entrepreneur Gets SBA Loan to Buy Val Pak FranchiseNeed a loan to buy a Val Pak franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Val Pak franchise shouldn't be overly burdensome. In 2003, Citizens Bank issued an SBA franchise loan to an entrepreneur in Traverse City, Michigan. Because Val Pak was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis. SBA Loan Borrower VALPAK OF NORTHERN MICHIGAN SBA Loan Lender CITIZENS BANK 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 541860 - Direct Mail Advertising Loan Approval Date 1/22/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Valpak Direct Marketing Systems, Inc.
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