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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > United Bank Of Michigan Grand Rapids Business Loans > Cutting Tool And Machine Tool Accessory Manufacturing Loan | ||||
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SBA Lender Comstock Park Michigan
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Local Business Gets a Michigan Small Business LoanMichiganBusiness loans are available to Michigan business owners through the SBA. In this case, a Michigan bank provides the loan. You can learn something about getting a small business loan in Comstock Park, Michigan by studying this loan to a local business, made back in 2001. Banks like United Bank Of Michigan may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: CUTTING TOOL AND MACHINE TOOL ACCESSORY MANUFACTURING SBA Loan Lender UNITED BANK OF MICHIGAN The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333515 - Cutting Tool and Machine Tool Accessory Manufacturing Loan Approval Date 10/19/2001 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 30 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 Grand Rapids, Michigan Loans
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