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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Troy, Business Loans > Lasalle Bank Midwest Troy Business Loans > Jewelry Stores Loan | ||||
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SBA Lenders Michigan
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Troy, Michigan Lender Lends Money to Jewelry Stores CompanyThinking about meeting with a Troy, Michigan bank about an SBA loan? Here's one Michigan business loan, issued by a Troy bank, that was approved by the SBA. Applying for an SBA loan with Lasalle Bank Midwest worked out well for our friends at one local company in Fenton, Michigan. The business was able to get an SBA loan for $91,575. Great job! SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender LASALLE BANK MIDWEST The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 448310 - Jewelry Stores Loan Approval Date 2/3/2006 Loan Approval Gross Amount $91,575 Loan Approval from the SBA Of the total $91,575 loan amount, the SBA guaranteed $45,787. 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 6 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Advice on Getting a Small Business Loan SBA Participating Banks in Troy, Michigan
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