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May 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Clinton Township, Business Loans > Macomb Community Bank Clinton Township Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Small Business Banks in Michigan
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Fitness and Recreational Sports Centers Bank LoansLooking for bank loans for fitness and recreational sports centers? The SBA may be the answer. This $90,000 fitness and recreational sports centers loan was issued by a Michigan bank. This company knew how to go about getting a business bank loan. Based in Sterling Heights, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Macomb Community Bank, based in Clinton Township, Michigan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender MACOMB COMMUNITY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 5/7/2007 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 no employees. This SBA loan request indicated that the loan would help create 5 new jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Macomb Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Macomb Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Banks for Clinton Township, Michigan Loans
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