Business Loan from T & C Fcu Given to Landscaping Services Company

An SBA loan from T & C Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a White Lake, Michigan business owner got a $50,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with T & C Fcu, out of Pontiac, Michigan. The loan was granted and they received $50,000 to help grow their White Lake, Michigan business.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
WHITE LAKE, MI 48383

SBA Loan Lender

T & C FCU
44400 WOODWARD AVE
PONTIAC, MI 48341

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

561730 - Landscaping Services

Loan Approval Date

12/20/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. T & C Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, T & C Fcu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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