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May 19, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Machine Tool Manufacturing Loan | ||||
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Bannockburn, Illinois Bank for SBA Loans
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Bannockburn, Illinois Bank Gives SBA Loan to Machine Tool Manufacturing CompanyA Bannockburn, Illinois business loan can be yours. Learn how a business got a $15,600 business loan from this Illinois bank. This loan to a local firm is a good example of an SBA loan. National City Bank made the loan and the SBA guaranteed a portion of the loan. Many other Michigan entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender NATIONAL CITY BANK This bank 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 333512 - Machine Tool Manufacturing Loan Approval Date 8/31/2005 Loan Approval Gross Amount $15,600 Loan Approval from the SBA Of the total $15,600 loan amount, the SBA guaranteed $7,800. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Allendale MI, you ought to talk with a local Allendale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Allendale businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Bannockburn, Illinois Loans
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