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May 13, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Roseville, Business Loans > Christian Financial Cu Roseville Business Loans > Relay And Industrial Control Manufacturing Loan | ||||
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Who Lends Money to Brighton Business Owners
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Christian Financial Cu Gives Bank Loan to Relay And Industrial Control Manufacturing CompanyMichiganSBA loans are available to Michigan entrepreneurs through the SBA. In this case, a Michigan bank provides the loan. This small business, based in Brighton, Michigan, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Christian Financial Cu. We've got the inside scoop on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: RELAY AND INDUSTRIAL CONTROL MANUFACTURING SBA Loan Lender CHRISTIAN FINANCIAL CU This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 335314 - Relay and Industrial Control Manufacturing Loan Approval Date 9/6/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 6 employees. The loan application indicated that the loan would help generate 2 new jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Christian Financial Cu 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: Role of Business Plan When Raising Money Good Banks for Small Business in Roseville, Michigan
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