Industrial Machinery Manufacturing Bank Loans

With these bank loans for industrial machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial machinery manufacturing loan for $870,000 was given to a Michigan entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Haven, Michigan was able to borrow $870,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $652,500 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY MANUFACTURING
GRAND HAVEN, MI 49417

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This debt financing was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333298 - Industrial Machinery Manufacturing

Loan Approval Date

3/26/2001

Loan Approval Gross Amount

$870,000

Loan Approval from the SBA

Of the total $870,000 loan amount, the SBA guaranteed $652,500.

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 27 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 26 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $870,000. How would you spend $870,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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