Portage, Michigan Bank Gives SBA Loan to Advertising Agencies Company
Thinking about meeting with a Portage, Michigan bank about a small business loan? Here's one Michigan business loan, issued by a Portage bank, that was approved by the SBA.
Applying for an SBA loan with Portage Commerce Bank worked out well for our friends at one local company in Portage, Michigan. They got an SBA loan for $209,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: ADVERTISING AGENCIES
PORTAGE, MI 49024
SBA Loan Lender
PORTAGE COMMERCE BANK
800 E MILHAM
PORTAGE, MI 49002
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541810 - Advertising Agencies
Loan Approval Date
8/22/2003
Loan Approval Gross Amount
$209,000
Loan Approval from the SBA
Of the total $209,000 loan amount, the SBA guaranteed $156,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in Portage or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Borrowing Money from Friends and Family
SBA Banks in Portage, Michigan
Where to Get an SBA Loan Michigan