Founders Bank & Trust SBA Loan to No Industry Type Specified Company

An SBA loan from Founders Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Grand Rapids, Michigan business owner got a $127,125 loan.

Getting a small business loan in Grand Rapids, Michigan was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Founders Bank & Trust, operating out of Grand Rapids, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
GRAND RAPIDS, MI 49503

SBA Loan Lender

FOUNDERS BANK & TRUST
5200 CASCADE RD SE
GRAND RAPIDS, MI 49546

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561310 -

Loan Approval Date

4/12/2001

Loan Approval Gross Amount

$127,125

Loan Approval from the SBA

Of the total $127,125 loan amount, the SBA guaranteed $108,056.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Founders Bank & Trust 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.

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SBA Participating Banks in Grand Rapids, Michigan

SBA Participating Banks in Michigan