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May 8, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Bowling Centers Loan | ||||
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SBA 7A Banks in Michigan
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Bank Loans for Bowling CentersLooking for bank loans for bowling centers? The SBA may be the answer. This $1,440,000 bowling centers loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eastpointe, Michigan was able to borrow $1,440,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $1,080,000 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713950 - Bowling Centers Loan Approval Date 8/30/2004 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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Eastpointe MI, you ought to talk with a local Eastpointe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eastpointe businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Loan Center, LLC and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks in New York, New York
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