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May 20, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Polish And Sanitation Good Manufacturing Loan | ||||
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SBA Lender Grand Rapids Michigan
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SBA Loans for Polish and Sanitation Good ManufacturingLooking for SBA loans for polish and sanitation good manufacturing? An SBA loan may be just what you've been looking for. This $73,700 polish and sanitation good manufacturing loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Rapids, Michigan was able to borrow $73,700 from Fifth Third Bank. The SBA made the loan possible by guaranteeing $36,850 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: POLISH AND SANITATION GOOD MANUFACTURING SBA Loan Lender FIFTH THIRD BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 325612 - Polish and Sanitation Good Manufacturing Loan Approval Date 9/27/2007 Loan Approval Gross Amount $73,700 Loan Approval from the SBA Of the total $73,700 loan amount, the SBA guaranteed $36,850. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan If you need money to start business in Grand Rapids MI, you ought to talk with a local Grand Rapids SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Rapids businesses. This SBA loan was for $73,700. How would you spend $73,700 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. Related Links: Banks in Grand Rapids, Michigan
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