 |
 |
May 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Haven, Business Loans > Grand Haven Bank Grand Haven Business Loans > Warm Air Heating And Air Conditioning Equipment Loan | ||||
 |
||||
SBA Lender Grand Haven
|
||||
 |
Entrepreneur Works With Grand Haven, Michigan Bank to Get an SBA LoanA Grand Haven, Michigan SBA loan can be yours. Learn how one firm got a $150,000 business loan from this Michigan bank. This loan to a local firm is a good example of an SBA loan. Grand Haven Bank made the loan and the SBA guaranteed a portion of the loan. Many other Michigan entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: WARM AIR HEATING AND AIR CONDITIONING EQUIPMENT SBA Loan Lender GRAND HAVEN BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5075 - Warm Air Heating and Air Conditioning Equipment NAICS Code 421730 - Warm Air Heating and Air-Conditioning Equipment and Suppplies Wholesalers Loan Approval Date 3/5/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 4 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Grand Haven Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Approved Banks in Grand Haven, Michigan
|
|
||
|
||||
|
|
||||