Ionia, Michigan Lender Lends Money to No Industry Type Specified Company

Thinking about meeting with an Ionia, Michigan bank about a small business loan? Here's one Michigan business loan, issued by an Ionia bank, that was approved by the SBA.

Applying for an SBA loan with Independent Bank worked out well for our friends at one local firm in Rose City, Michigan. They received an SBA loan for $750,000. Nice!

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
ROSE CITY, MI 48654

SBA Loan Lender

INDEPENDENT BANK
230 W MAIN ST
IONIA, MI 48846

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

518111 -

Loan Approval Date

10/4/2006

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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:

Small Business Credit Cards

Find an SBA Lender in Ionia, Michigan

Michigan SBA 7A Lenders