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May 20, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Electronic And Precision Equipment Repair And Maintenance Loan | ||||
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Fifth Third Bank SBA Loans
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Small Business Loans for Electronic and Precision Equipment Repair and MaintenanceLooking for small business loans for electronic and precision equipment repair and maintenance? The SBA may be the answer. This $200,000 electronic and precision equipment repair and maintenance loan was issued by a Michigan bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Fifth Third Bank, out of Grand Rapids, Michigan. The loan was granted and they received $200,000 to help grow their Erlanger, Kentucky business. SBA Loan Borrower COMPANY TYPE: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender FIFTH THIRD BANK 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 811219 - Electronic and Precision Equipment Repair and Maintenance Loan Approval Date 8/16/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 10 employees. This SBA loan request indicated that the funding would help generate 10 new jobs. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Grand Rapids, Michigan
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