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May 13, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > Select Bank Grand Rapids Business Loans > Real Estate Appraisers Loan | ||||
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Select Bank SBA Loans
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Loans for Real Estate AppraisersWith these loans for real estate appraisers, the SBA guarantees the lender that the loan will be repaid. This real estate appraisers loan for $150,000 was given to a Michigan entrepreneur in 2004. Getting a small business loan in Bailey, Michigan was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Select Bank, operating out of Grand Rapids, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: REAL ESTATE APPRAISERS SBA Loan Lender SELECT BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531320 - Real Estate Appraisers Loan Approval Date 12/1/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Role of Business Plan When Raising Money Best Banks in Grand Rapids, Michigan
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