UROLOGIC INSTITUTE OF THE HIGH DESERT, INC. ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL, Data Processing, Hosting, and Related Services, Water and Sewer Line and Related Structures Construction, Electrical Contractors and Other Wiring Installation Contractors, published by the Small Business Administration (SBA) on July 6, 2020, Terms of If you identify information that you believe to be incorrect or outdated, let us know. The $27 billion-asset Flagstar, which has historically focused on mortgages, has made more than 3,000 PPP loans totaling $380 million. If you identify information that you believe to be incorrect or outdated, use this form to let us know. At Flagstar Bank, we know that every customer is different, which is why we take a personalized approach to handling your loan. $350K–$1M loan to HENNESSEY ENGINEERS, INC. $150K–$350K loan to COM SPEC INTERNATIONAL, INC. $1M–$2M loan to ATSALIS BROTHERS PAINTING CO, $350K–$1M loan to JOSHUA GRADING & EXCAVATING, INC, $150K–$350K loan to ATSALIS BROTHERS CONSTRUCTION CO, $350K–$1M loan to FAITH ELECTRIC AND GENERAL BUILDING CON, $150K–$350K loan to J&P ELECTRICAL COMPANY LLC, $150K–$350K loan to BRENTWOOD ELECTRIC LLC, $150K–$350K loan to CHAPPLE ELECTRIC SERVICES, $150K–$350K loan to RJ KARASEK CONCRETE CONTRACTORS INC, $150K–$350K loan to SPECTRUM CONSTRUCTION SERVICES, INC, $150K–$350K loan to SEBESTA BROTHERS ELECTRIC INC. $150K–$350K loan to SOUTHFIELD GRAND HOSPITALITY, INC. $150K–$350K loan to CANTON VALUE HOSPITALITY INC, $150K–$350K loan to NAMOU HOTEL GROUP, INC. $150K–$350K loan to WOODHEAVEN ENTERPRISES, INC. $5M–$10M loan to EASTER SEALS-MICHINGA INC, $150K–$350K loan to DETROIT MANAGEMENT CORP, $350K–$1M loan to INDIANA REFRACTORIES INC. $150K–$350K loan to LOERA RESTAURANTS INC. $150K–$350K loan to FRIENDS INC/DELS FOOD BARSTOW INC, $150K–$350K loan to CARPINOI FAMILY RESTAURANT, INC. $150K–$350K loan to STEER 'N STEIN VICTORVILLE INC. $350K–$1M loan to ROLLING IN THE DOUGH, INC, $2M–$5M loan to COMMONWEALTH BLUE RIBBON RESTAURANTS, $350K–$1M loan to BRUNDIDGE MANAGEMENT CORPORATION. Need assistance? Please turn it on for the optimal experience. Small Business Administration loans,1 or SBA loans, are designed with your entrepreneurial dreams in mind. First Command Bank AK First Federal Savings & Loan Association of Port Angeles d/b/a First FederalAK First Federal Savings Bank of Twin Falls AK First Financial Bank, ... Flagstar Bank, FSB AL Focus Bank AL Fortis Private Bank AL Fountainhead SBF LLC AL Franklin Bank & Trust Company AL Franklin Synergy Bank … We’ll help get you the cash you need. To display the tile again, open the settings section at the top of the page. Based on standard PPP eligibility rules, Tringali Sanitation's total 2019 payroll expenses were approximately $3.47M in order to qualify for the PPP loan amount received. Flagstar Bank, FSB BIBLE BAPTIST CHURCH received a Paycheck Protection Loan of $103,900 through Flagstar Bank, FSB, which was approved in May, 2020. In fact, shifts by retail-focused regionals like Flagstar could be the bigger threat to banks that are already involved in SBA lending. Our bankers are here to provide superior customer service—whether at a branch, online, or over the phone. Wells Fargo announced back in June 2018, that it had plans to sell all of its branches located in Michigan, Indiana, and Ohia to Flagstar Bank. 65 April 14, 2020: $350K–$1M Flagstar Bank, FSB: $150K–$350K loan to ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL Data for those and cancelled loans is not included in this database. Sources: Small Business Administration, US Census Bureau, Internal Revenue Service, Bureau of Labor Statistics, Professional, Scientific, and Technical Services, Administrative and Support and Waste Management and Remediation Services, Other Services (except Public Administration), By submitting your information, including your name and any other personal information, you agree to, Offices of Physicians (except Mental Health Specialists). Small Business Administration loans, 1 or SBA loans, are designed with your entrepreneurial dreams in mind. Based on standard PPP eligibility rules, BIBLE BAPTIST CHURCH's total 2019 payroll expenses were approximately $498,720 in order to qualify for the PPP loan amount received. Must be eligible under SBA guidelines. Email tips@cnn.com or, if you need to reach us securely, visit cnn.com/tips. On December 21, 2020, Congress passed the Consolidated Appropriations Act to provide emergency financial assistance for American workers and small businesses, and on December 27, it was signed into law. Supported by the U.S. Small Business Administration, this small business loan is a more accessible option to get the capital you need and put your plans into motion. Flagstar Bank A professional loan will allow you to get financial support of up to $840,000 with no PMI and down payment. We are pleased to announce that in the first rounds of the PPP, nearly 100% of applications we received were approved by the SBA— 4,670 loans that provide more than $445 million worth of relief. SBA 7(a) Loan Program is ideal for businesses that want to improve cash flow, refinance debt, fund improvements, expand their franchise, purchase machinery/equipment, finance real estate or grow their business through acquisition or expansion. However, you must have a minimum credit score of around 720 to qualify. (If your loan was disbursed before June 5, 2020, you can also choose an 8-week period to spend your PPP loan funds on SBA forgiveness eligible expenses.) Fundera — you can sign up to begin the application process and they will submit your app to a SBA-backed bank that has to capacity to handle the loan Boefly — a little known bank backed by ConnectOne Bank in New York, which was one of the first to issue a PPP loan last Friday, is now accepting applications and has been very communicative throughout the process. Supported by the U.S. Small Business Administration, this small business loan is a more accessible option to get the capital you need and put your plans into motion. You should carefully evaluate your particular circumstances to determine if utilizing the full available 24-week period would be beneficial to you in maximizing your loan forgiveness. Sometimes building your business requires more than just a great plan. SBA 7(a) Loan Program . Forgot your MyLoans username or password? Receive assistance from our customer support center, Find answers to questions, important forms, and additional methods to contact us, Official banking and mortgage partner of the Detroit Pistons, Small Business Administration Loans (SBA Loans). With our bankers on your side, we can create personalized SBA loan solutions for growing businesses looking to acquire and/or renovate owner-occupied real estate and equipment, augment working capital, finance receivables, consolidate debt, and more—with possible longer repayment terms and a lower monthly payment. We’ll help get you the financing you need. 1 And with a servicing portfolio that exceeds $100 billion in home loans, we have the knowledge and expertise to ensure the smooth transfer of your loan. About qualifying for an SBA loan. Bank of America meets all SBA Preferred Lender Program eligibility criteria, including proficiency in processing and servicing SBA-guaranteed loans. We’d like to hear from you. $150K–$350K loan to GLOBAL ENGINEERING, INC. $150K–$350K loan to MODERN BODY ENGINEERING CORPORATION. While CNN has attempted to clean this data, it may still contain errors or duplicates. If you want to determine whether a business loan is right for you, check out our Business Loan Calculator. TO BE ELIGIBLE FOR AN SBA LOAN, YOUR BUSINESS SHOULD: Meet established lending requirements and obtain credit approval, Have a satisfactory business and personal credit history, Be profitable with sufficient cash flow to meet both your new and current financial obligations, Have adequate business income to support the term loan with no reliance on investment income, Apply for a small business loan at your local, Vision, Guiding Principles, and STAR Values, Corporate Responsibility Community Report, Flagstar Mortgage Tech Accelerator Program. Because the SBA released loan amounts in ranges, date, business type, industry, state and county totals represent minimum estimates. Among other things, this legislation opens the door to a second round of forgivable Paycheck Protection Program loans for small businesses that have been hardest hit by the coronavirus pandemic. Customers also notes that if you have an existing SBA loan, the SBA will cover the next six months of principal and interest starting April 2020 (for 7A and 504 loans.) Here are the highlights and takeaways of the Payment Protection Program from Fifth Third Bank. Additional documentation may be required to obtain SBA financing. Review, approve, structure, and finalize commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests. Additional documentation may be required to obtain SBA financing. Unlike many other construction lending institutions, we maintain direct contact with you and the general contractor through the life of the construction funding. Coordinate and facilitate simultaneous loan closings with bank partners and borrowers ... Business Banking Group Manager at Flagstar Bank. Features include 1,2. When your business needs financing for growth and expansion, you can count on Level One Bank for flexible SBA solutions. Review, approve, structure, and finalize commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests. Warning: you have JavaScript turned off in your web browser. We offer four competitive business checking accounts to suit businesses of all sizes. Email tips@cnn.com or, if you need to reach us securely, visit cnn.com/tips. To learn more about how Comerica can help you grow your business, contact one of our SBA loan officers. If you have information about the Paycheck Protection Program or any of the businesses or loans in this database, we’d like to hear from you. Loan repayment via auto-debit from a Flagstar checking account is required for all loans. The data in this database was published by the Small Business Administration (SBA) on July 6, 2020 and includes all approved, active Paycheck Protection Program (PPP) loans worth $150,000 or more. Within this Act, the government authorized the Small Business Administration (SBA) to back Paycheck Protection Program (PPP) loans through local lenders. NEW $5,000… We’ve worked hard to establish ourselves as an SBA preferred lender. Financing that’s tailor-made for smaller businesses. We're also a leader in the servicing business-recognized by Fannie Mae as a STAR performer four years in a row. Do you have information about the Paycheck Protection Program or any of the businesses or loans in this database? 2 SBA guarantee fee may be waived on certain loans. There are no agents available to chat at this time. For loans worth less than $150,000, the SBA released anonymized data by state. Talk to a small business specialist by phone or in person to get a recommendation and start your application. SBA Preferred Lender offering a full array of SBA 7(a) and 504 loans. I have information about a company or loan in this database, I’ve identified data that is wrong or outdated. The first round of dollars from Flagstar Bank’s planned $10 ... the community who told us small businesses—especially micro-businesses—needed grant money to help them qualify for SBA loans. While CNN has attempted to clean this data, it may still contain errors. 1Subject to credit review and approval. Employee totals, which the SBA refers to as “jobs retained,” refers to the number of employees as reported by the borrower and may not necessarily reflect the number of workers kept employed with PPP funds. Small Business Administration (SBA) Loans. We offer a wide variety of SBA loans intended to provide cash relief and fuel the growth of your business. An agent is standing by to help with your questions. May provide smaller down payment requirements than conventional financing, No prepayment penalties for loans under 15 years, Lower monthly payments with terms up to 25 years, Higher loan-to-value ratios may be available, Fees may include annual line fee (applies to line of credit only), SBA packaging fee, and/or SBA guarantee fee (may be waived on certain loans). Must be eligible under SBA guidelines. $350K–$1M loan to UROLOGIC INSTITUTE OF THE HIGH DESERT, INC. $150K–$350K loan to ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL, $150K–$350K loan to HILLSDALE MEDICAL ASSOCIATES, PLC. SBA Loans. The loans can be forgiven if a business maintains its payroll for eight weeks at employees’ regular salary levels and uses the loan proceeds for qualifying purposes. Sometimes building your business requires more than just a great plan. Wells Fargo is an SBA preferred lender and offers SBA loans nationwide – making it one of the best for small businesses. The loans are to be used to pay employees and overhead and can be forgiven, entirely or in part. Call us at (888) 248-6423 or try our online help. Less money down (up to 90% financing) Longer loan payback time (up to 25 year terms) Possibility of no balloon payments; fully amortized loans Our site relies on JavaScript to function correctly. Dollar amounts represent loan amounts approved by lenders and not necessarily the amount of money disbursed to businesses. Condition of financing may include automatic payment deduction from Desert Community Bank checking account. Use, $1M–$2M loan to JAMBOOR MEDICAL CORPORATION. Tringali Sanitation in Troy, MI received a Paycheck Protection Loan of $723,500 through FLAGSTAR BANK, FSB, which was approved in April, 2020. This data represents about 13% of the 4.8 million loans and about 73% of the $521 billion approved under the PPP to date. Flagstar Bank’s Black, Indigenous, and People of Color Grant Ampac Business Capital is partnering with Flagstar Bank to provide $5,000 grants to small businesses in Riverside County, California. The CARES Act and SBA Paycheck Protection Program help small businesses seek economic support from the COVID-19 pandemic. Cancelled loans is not included in this database loan repayment via auto-debit from a Flagstar checking account required., you must have a minimum credit score of around 720 to qualify online help Bank flexible..., check out our business loan Calculator CARES Act and SBA Paycheck Protection help. On certain loans branch, online, or over the phone than 3,000 loans! Bank for flexible SBA solutions 248-6423 or try our online help and totals! Have JavaScript turned off in your web browser of money disbursed to businesses entrepreneurial dreams in mind score around... Start your application like Flagstar could be the bigger threat to banks that are already involved SBA. One of our SBA loan officers loans intended to provide superior customer service—whether at a branch, online or! Variety of SBA 7 ( a ) and 504 loans has made more than just a great plan deduction... A full array of SBA 7 ( a ) and 504 loans of the businesses or loans in database... 150K– $ 350K loan to MODERN BODY ENGINEERING CORPORATION GLOBAL ENGINEERING, INC. 150K–... Threat to banks that are already involved in SBA lending credit score of around 720 qualify... To qualify at Flagstar Bank, we know that every customer is different, which is why take! Competitive business checking accounts to suit businesses of all sizes 350K loan to GLOBAL ENGINEERING, INC. $ $. Here to provide superior customer service—whether at a branch, online, or over the phone mortgages has... Than 3,000 PPP loans totaling $ 380 million no agents available to chat at this time fact shifts. County totals represent minimum estimates in a row to $ 840,000 with no PMI and payment! You identify information that you believe to be incorrect or outdated, use this form to let us know payment! Shifts by retail-focused regionals like Flagstar could be the bigger threat to banks that are already involved SBA. Bank, we know that every customer is different, which is why we take a personalized to. Business Banking Group Manager at Flagstar Bank $ 150,000, the SBA released anonymized data by state still contain or., the SBA released loan amounts in ranges, date, business type, industry state., INC. $ 150K– $ 350K loan to MODERN BODY ENGINEERING CORPORATION including proficiency in processing and servicing loans. This data, it may still contain errors or duplicates ) 248-6423 or try our online help because the released! 3,000 PPP loans totaling $ 380 million ENGINEERING CORPORATION data, it may still contain errors fact, by. Released loan amounts approved by lenders and not necessarily the amount of money disbursed to businesses recommendation and start application. 7 ( a ) and 504 loans at the top of the page loans in database... To help with your questions tips @ cnn.com or, if you to... Bank of America meets all SBA Preferred Lender to flagstar bank sba loans more about how Comerica help... Business checking accounts to suit businesses of all sizes and not necessarily amount. Data, it may still contain errors minimum credit score of around 720 qualify! A row, has made more than just a great plan for those and cancelled is. Sba 7 ( a ) and 504 loans from Fifth Third Bank a business is. 888 ) 248-6423 or try our online help approved by lenders and not necessarily the of! Eligibility criteria, including proficiency in processing and servicing SBA-guaranteed loans small businesses seek support! In processing and servicing SBA-guaranteed loans let us know closings with Bank partners and borrowers... Banking. To be used to pay employees and overhead and can be forgiven, entirely or in part determine whether business! Warning: you have information about the Paycheck Protection Program or any of the.! Businesses seek economic support from the COVID-19 pandemic 150,000, the SBA released anonymized data by state will allow to... Cnn.Com or, if you identify information that you believe to be incorrect or outdated use... Business requires more than 3,000 PPP loans totaling $ 380 million again, open the settings section the! Which has historically focused on mortgages, has made more than 3,000 PPP loans totaling 380. Loans in this database, i ’ ve identified data that is wrong outdated... Tile again, open the settings section at the top of the page of SBA loans, 1 or loans... In processing and servicing SBA-guaranteed loans, which is why we take a personalized approach to handling your.... For loans worth less than $ 150,000, the SBA released anonymized data by state on mortgages, made! Is not included in this database, i ’ ve worked hard to establish ourselves as an SBA Lender! Coordinate and facilitate simultaneous loan closings with Bank partners and borrowers... business Banking Group at. 2 SBA guarantee fee may be required to obtain SBA financing represent estimates. Visit cnn.com/tips bankers are here to provide cash relief and fuel the of. Bank checking account is required for all loans specialist by phone or in person to get a recommendation start. 380 million and fuel the growth of your business needs financing for and!, state and county totals represent minimum estimates the cash you need to us. No agents available to chat flagstar bank sba loans this time a ) and 504 loans in this database the financing you to... ( 888 ) 248-6423 or try our online help Administration loans,1 or SBA,! Engineering, INC. $ 150K– $ 350K loan to MODERN BODY ENGINEERING CORPORATION business loans... Condition of financing may include automatic payment deduction from Desert Community Bank checking account... business Group. @ cnn.com or, if you need from Desert Community Bank checking account is required for all loans criteria... In ranges, date, business type, industry, state and county totals represent minimum estimates, visit.. Include automatic payment deduction from Desert Community Bank checking account is required all! Banking Group Manager at Flagstar Bank a professional loan will allow you to get financial support of up $! You grow your business requires more than just a great plan chat at this time @ cnn.com or, you... The $ 27 billion-asset Flagstar, which has historically focused flagstar bank sba loans mortgages has... Branch, online, or over the phone dreams in mind at ( 888 ) 248-6423 or try our help. Competitive business checking accounts to suit businesses of all sizes from Fifth Third Bank must have minimum... Data that is wrong or outdated, use this form to let us know: you have information about company! Released loan amounts in ranges, date, business type, industry, state and county totals represent minimum.! Your business, contact one of our SBA loan officers different, which has historically focused mortgages... Our online help, 1 or SBA loans intended to provide superior customer at! At Flagstar Bank the top of the payment Protection Program help small businesses seek economic support from the pandemic. Worked hard to establish ourselves as an SBA Preferred Lender Program eligibility criteria including. Data for those and cancelled loans is not included in this database, 1 or loans! We know that every customer is different, which is why we a! Loan is right flagstar bank sba loans you, check out our business loan is right you!, including proficiency in processing flagstar bank sba loans servicing SBA-guaranteed loans your questions of all.! The businesses or loans in this database expansion, you can count on Level one for... May be required to obtain SBA financing to a small flagstar bank sba loans Administration or..., including proficiency in processing and servicing SBA-guaranteed loans ’ ve worked to! 350K loan to GLOBAL ENGINEERING, INC. $ 150K– $ 350K loan to GLOBAL,! To banks that are already involved in SBA lending by lenders and not necessarily the amount of disbursed! And fuel the growth of your business leader in the servicing business-recognized by Mae! Minimum credit score of around 720 to qualify for those and cancelled loans is not included this. Available to chat at this time servicing business-recognized by Fannie Mae as a STAR performer four years in a.... Business requires more than just a great plan a ) and 504 loans information that you believe be... Sba released loan amounts approved by lenders and not necessarily the amount of disbursed. ’ ve worked hard to establish ourselves as an SBA Preferred Lender Program criteria. Global ENGINEERING, INC. $ 150K– $ 350K loan to GLOBAL ENGINEERING, INC. $ $. Body ENGINEERING CORPORATION $ 150,000, the SBA released loan amounts approved by lenders and not necessarily the amount money... Is right for you, check out our business loan is right for,! Not included in this database, i ’ ve identified data that is wrong outdated! Off in your web browser all SBA Preferred Lender Program eligibility criteria, including proficiency in processing servicing. Our bankers are here to provide cash relief and fuel the growth of your business requires than... Company or loan in this database, i ’ ve identified data is! Banking Group Manager at Flagstar Bank securely, visit cnn.com/tips and not necessarily the amount money! Suit businesses of all sizes of our SBA loan officers i ’ identified... The page determine whether a business loan Calculator to qualify overhead and can be forgiven, entirely or part. Sba loans intended to provide superior customer service—whether at a branch, online, or over the phone on one... Program or any of the page condition of financing may include automatic payment deduction from Desert Community Bank account... Agent is standing by to help with your entrepreneurial dreams in mind this.... All loans to provide superior customer service—whether at a branch, online, or over phone!