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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Adrian, Business Loans > Bank Of Lenawee Adrian Business Loans > Special Trade Contractors Loan | ||||
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Bank Of Lenawee Commercial Loans
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Financing for Special Trade ContractorsLooking for loans for special trade contractors? The SBA may be the answer. This $76,380 special trade contractors loan was issued by a Michigan bank. This company knew how to go about getting a business bank loan. Based in Ann Arbor, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of Lenawee, based in Adrian, Michigan. SBA Loan Borrower COMPANY TYPE: SPECIAL TRADE CONTRACTORS SBA Loan Lender BANK OF LENAWEE This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235990 - Special Trade Contractors Loan Approval Date 8/7/2001 Loan Approval Gross Amount $76,380 Loan Approval from the SBA Of the total $76,380 loan amount, the SBA guaranteed $64,923. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Ann Arbor MI, you ought to talk with a local Ann Arbor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ann Arbor businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of Lenawee are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Who Lends Money to Small Businesses in Adrian, Michigan
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