Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

Marquette, Michigan Bank Loan

 

 
Loan Census SBA Loan Info

Commercial Loans for Carpentry Contractors

Looking for commercial loans for carpentry contractors? Talk to a banker who works with the SBA. This $53,000 carpentry contractors loan was issued by a Michigan bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Range Bank, out of Negaunee, Michigan. The loan was granted and they received $53,000 to help grow their Marquette, Michigan business.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY WORK
MARQUETTE, MI 49855

SBA Loan Lender

RANGE BANK
350 IRON ST
NEGAUNEE, MI 49866

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1751 - Carpentry Work

NAICS Code

235510 - Carpentry Contractors

Loan Approval Date

4/12/2000

Loan Approval Gross Amount

$53,000

Loan Approval from the SBA

Of the total $53,000 loan amount, the SBA guaranteed $42,400.

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 8 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $53,000. How would you spend $53,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Loan

SBA Banks in Negaunee, Michigan

Where to Get an SBA Loan Michigan