Entrepreneur Works With Muskegon, Michigan Bank to Get an SBA Loan

Get SBA loans from a Muskegon, Michigan bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Community Shores Bank is a Muskegon, Michigan small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Michigan company.

SBA Loan Borrower

COMPANY TYPE: PET CARE SERVICES
GRAND HAVEN, MI 49417

SBA Loan Lender

COMMUNITY SHORES BANK
1030 W NORTON AVE
MUSKEGON, MI 49441

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812910 - Pet Care Services

Loan Approval Date

8/9/2006

Loan Approval Gross Amount

$44,000

Loan Approval from the SBA

Of the total $44,000 loan amount, the SBA guaranteed $37,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help generate 2 new jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Grand Haven MI, you ought to talk with a local Grand Haven SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Haven businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Shores Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Shores Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Muskegon, Michigan

SBA Lenders in Michigan