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May 10, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Benton Harbor, Business Loans > Chemical Bank Benton Harbor Business Loans > Industrial Design Services Loan | ||||
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Raising Money in Benton Harbor, Michigan With SBA Loans
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Industrial Design Services SBA LoansWith these SBA loans for industrial design services, the SBA guarantees the lender that the loan will be repaid. This industrial design services loan for $323,000 was given to a Michigan entrepreneur in 2005. Getting a small business loan in Benton Harbor, Michigan was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Chemical Bank, operating out of Benton Harbor, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL DESIGN SERVICES SBA Loan Lender CHEMICAL BANK The lender provided this bank 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 541420 - Industrial Design Services Loan Approval Date 3/2/2005 Loan Approval Gross Amount $323,000 Loan Approval from the SBA Of the total $323,000 loan amount, the SBA guaranteed $161,500. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $323,000 loan. Remember, you control your own destiny. 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: Raising VC Money for Social Networking Companies Best Benton Harbor, Michigan Banks for Small Business
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