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April 28, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Auburn Hills, Business Loans > Bank Of Auburn Hills Auburn Hills Business Loans > Commercial And Service Industry Machinery Manufacturing Loan | ||||
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We Needed a Small Business Loan in Detroit, Michigan and We Got One!
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Where to Get Capital for Commercial and Service Industry Machinery ManufacturingWith these small business loans for commercial and service industry machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This commercial and service industry machinery manufacturing loan for $60,000 was given to a Michigan entrepreneur in 2006. Getting a small business loan in Detroit, Michigan was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Auburn Hills, operating out of Auburn Hills, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender BANK OF AUBURN HILLS This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 333319 - Commercial and Service Industry Machinery Manufacturing Loan Approval Date 2/16/2006 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $30,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, 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: Raising VC Money for Social Networking Companies Where to Get an SBA Loan in Auburn Hills, Michigan Getting an SBA Loan in Michigan
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