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May 15, 2024  
 
 
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Loan Census SBA Loan Info

Croswell, Michigan Bank Lends Money to Optometrists Company in Fort Gratiot, Michigan

Thinking about meeting with a Croswell, Michigan bank about a small business loan? Here's one Michigan business loan, issued by a Croswell bank, that was approved by the SBA.

Applying for an SBA loan with Eastern Michigan Bank worked out well for our friends at one local firm in Fort Gratiot, Michigan. The business was able to get an SBA loan for $185,000. Nice!

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
FORT GRATIOT, MI 48059

SBA Loan Lender

EASTERN MICHIGAN BANK
65 N HOWARD AVE
CROSWELL, MI 48422

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

6/9/2004

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

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 $185,000 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.

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