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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Sparta, Business Loans > Choiceone Bank Sparta Business Loans > Industrial Supplies Loan | ||||
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SBA 7A Banks for Grand Rapids Business Owners
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Business Loans for Industrial Supplies WholesalersLooking for business loans for industrial supplies wholesalers? Try the SBA. This $200,000 industrial supplies wholesalers loan was issued by a Michigan bank. Getting a small business loan in Grand Rapids, Michigan was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Choiceone Bank, operating out of Sparta, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES SBA Loan Lender CHOICEONE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5085 - Industrial Supplies NAICS Code 421840 - Industrial Supplies Wholesalers Loan Approval Date 9/29/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Where to Get an SBA Loan in Sparta, Michigan
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