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May 16, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Alma, Business Loans > Commercial Bank Alma Business Loans > Boat Building Loan | ||||
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Raising Money in Riverdale, Michigan With SBA Loans
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Borrowing Money for Boat BuildingLooking for small business loans for boat building? Try the SBA. This $139,523 boat building loan was issued by a Michigan bank. Getting a small business loan in Riverdale, Michigan was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Commercial Bank, operating out of Alma, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: BOAT BUILDING SBA Loan Lender COMMERCIAL BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 336612 - Boat Building Loan Approval Date 1/31/2003 Loan Approval Gross Amount $139,523 Loan Approval from the SBA Of the total $139,523 loan amount, the SBA guaranteed $69,761. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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