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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Hamtramck, Business Loans > Peoples State Bank Hamtramck Business Loans > Electronic Computer Manufacturing Loan | ||||
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How to Get SBA Loans in Novi, Michigan
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Getting an SBA Loan for Electronic Computer ManufacturingLooking for business loans for electronic computer manufacturing? Try the SBA. This $23,200 electronic computer manufacturing loan was issued by a Michigan bank. This business knew how to go about getting a business bank loan. Based in Novi, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Peoples State Bank, based in Hamtramck, Michigan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COMPUTER MANUFACTURING SBA Loan Lender PEOPLES STATE BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 334111 - Electronic Computer Manufacturing Loan Approval Date 10/3/2007 Loan Approval Gross Amount $23,200 Loan Approval from the SBA Of the total $23,200 loan amount, the SBA guaranteed $11,600. 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 10 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $23,200 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: SBA Participating Banks in Hamtramck, Michigan SBA Participating Banks in Michigan
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