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May 13, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Baldwin, Business Loans > Lake-Osceola State Bank Baldwin Business Loans > Ready-Mix Concrete Manufacturing Loan | ||||
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Lake-Osceola State Bank
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Business Loan from Lake-Osceola State Bank Given to Ready-Mix Concrete Manufacturing CompanyAn SBA loan from Lake-Osceola State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wyoming, Michigan business owner got a $1,580,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wyoming, Michigan was able to borrow $1,580,000 from Lake-Osceola State Bank. The SBA made the loan possible by guaranteeing $1,185,000 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: READY-MIX CONCRETE MANUFACTURING SBA Loan Lender LAKE-OSCEOLA STATE BANK This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327320 - Ready-Mix Concrete Manufacturing Loan Approval Date 9/24/2007 Loan Approval Gross Amount $1,580,000 Loan Approval from the SBA Of the total $1,580,000 loan amount, the SBA guaranteed $1,185,000. 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. This SBA loan request indicated that the loan would help retain 30 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,580,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Lenders in Baldwin, Michigan
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