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May 17, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Traverse City, Business Loans > Irwin Union Bank & Trust Traverse City Business Loans > Physicians Loan | ||||
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We Needed a Small Business Loan in East Lansing, Michigan and We Got One!
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Physicians Small Business LoansLooking for small business loans for physicians? Talk to a banker who works with the SBA. This $562,300 physicians loan was issued by a Michigan bank. This company knew how to go about getting a business bank loan. Based in East Lansing, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Irwin Union Bank & Trust, based in Traverse City, Michigan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender IRWIN UNION BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 1/25/2007 Loan Approval Gross Amount $562,300 Loan Approval from the SBA Of the total $562,300 loan amount, the SBA guaranteed $421,725. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $562,300 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: Where to Get an SBA Loan in Traverse City, Michigan
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