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May 13, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Sturgis, Business Loans > Sturgis Bank & Trust Company Sturgis Business Loans > Confectionery Manufacturing From Purchased Chocolate Loan | ||||
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Best Banks for Entrepreneurs in Michigan
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White Pigeon, Michigan Entrepreneur Gets a Bank LoanWant a Michigan business loan? This Michigan entrepreneur got a business loan, provided by a Michigan bank that works with the SBA to help small business owners. Getting a small business loan in White Pigeon, Michigan was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Sturgis Bank & Trust Company. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: CONFECTIONERY MANUFACTURING FROM PURCHASED CHOCOLATE SBA Loan Lender STURGIS BANK & TRUST COMPANY 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 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 4/18/2007 Loan Approval Gross Amount $299,300 Loan Approval from the SBA Of the total $299,300 loan amount, the SBA guaranteed $149,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Sturgis Bank & Trust Company so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Sturgis, Michigan
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