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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Negaunee, Business Loans > Range Bank Negaunee Business Loans > Full-Service Restaurants Loan | ||||
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Negaunee, Michigan SBA 7A Banks
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Negaunee, Michigan Bank Lends Money to Full-Service Restaurants Company in Marquette, MichiganThinking about meeting with a Negaunee, Michigan bank about a business loan? Here's one Michigan business loan, issued by a Negaunee bank, that was approved by the SBA. Applying for an SBA loan with Range Bank worked out well for our friends at one local business in Marquette, Michigan. They got an SBA loan for $55,000. Way to go! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender RANGE BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/10/2005 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 8 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $55,000. How would you spend $55,000 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: SBA 7A Banks for Negaunee, Michigan Loans
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