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May 13, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Tecumseh, Business Loans > United Bank & Trust Tecumseh Business Loans > Grocery Stores Loan | ||||
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How to Get SBA Loans in Morenci, Michigan
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Raising Money for Supermarkets and Grocery StoresLooking for business loans for supermarkets and grocery stores? Try the SBA. This $350,000 supermarkets and grocery stores loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Morenci, Michigan was able to borrow $350,000 from United Bank & Trust. The SBA made the loan possible by guaranteeing $262,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender UNITED BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 2/17/2000 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 30 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $350,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: The Friends and Family Network SBA Approved Banks in Tecumseh, Michigan
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