 |
 |
May 11, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Fenton, Business Loans > The State Bank Fenton Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
 |
||||
Raising Money in Flint, Michigan With SBA Loans
|
||||
 |
Electrical Contractors and Wiring Installation Contractors SBA LoansLooking for SBA loans for electrical contractors and wiring installation contractors? The SBA may be the answer. This $85,000 electrical contractors and wiring installation contractors loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Flint, Michigan was able to borrow $85,000 from The State Bank. The SBA made the loan possible by guaranteeing $72,250 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender THE STATE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system 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 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 4/6/2006 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Flint MI, you ought to talk with a local Flint SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Flint businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Family and Friend Investors - Your First Financiers Small Bank Loans in Fenton, Michigan Browse All Business Loan Sources for Michigan
|
|
||
|
||||
|
|
||||