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May 10, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Ann Arbor, Business Loans > United Bank & Tr - Washtenaw Ann Arbor Business Loans > Full-Service Restaurants Loan | ||||
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Raising Money in Dexter, Michigan With SBA Loans
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Borrowing Money for Full-Service RestaurantsLooking for small business loans for full-service restaurants? The SBA may be the answer. This $1,440,000 full-service restaurants loan was issued by a Michigan bank. Getting a small business loan in Dexter, Michigan was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from United Bank & Tr - Washtenaw, operating out of Ann Arbor, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender UNITED BANK & TR - WASHTENAW The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans 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 722110 - Full-Service Restaurants Loan Approval Date 11/6/2007 Loan Approval Gross Amount $1,440,000 Loan Approval from the SBA Of the total $1,440,000 loan amount, the SBA guaranteed $1,080,000. 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 40 employees. The loan application indicated that the loan would help retain 40 existing jobs. Getting an SBA Loan For Your Business If you are raising money in Dexter MI, you ought to talk with a local Dexter SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dexter businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Bank & Tr - Washtenaw 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: Best Banks in Ann Arbor, Michigan
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