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May 11, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Manistique, Business Loans > Mbank Manistique Business Loans > Amusement And Recreation Services Loan | ||||
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Mbank Small Business
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Sault Ste. Marie, Michigan Business Gets SBA-Guaranteed Funding from MbankAn SBA loan from Mbank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sault Ste. Marie, Michigan business owner got a $280,000 loan. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Mbank, out of Manistique, Michigan. The loan was granted and they received $280,000 to help grow their Sault Ste. Marie, Michigan business. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES SBA Loan Lender MBANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services Loan Approval Date 6/21/2000 Loan Approval Gross Amount $280,000 Loan Approval from the SBA Of the total $280,000 loan amount, the SBA guaranteed $210,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Sault Ste. Marie MI, you ought to talk with a local Sault Ste. Marie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sault Ste. Marie businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Mbank and they will explain how you can get an SBA loan for your company. 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 Banks in Manistique, Michigan
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