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May 15, 2024  
 
 
  Business Loan Information  
 

I Need a Business Loan in Harbor Springs, Michigan

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Shoe Stores

Looking for commercial loans for shoe stores? Talk to a banker who works with the SBA. This $75,000 shoe stores loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with National City Bank, out of Indianapolis, Indiana. The loan was granted and they received $75,000 to help grow their Harbor Springs, Michigan business.

SBA Loan Borrower

COMPANY TYPE: SHOE STORES
HARBOR SPRINGS, MI 49740

SBA Loan Lender

NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5661 - Shoe Stores

NAICS Code

448210 - Shoe Stores

Loan Approval Date

6/30/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Harbor Springs MI, you ought to talk with a local Harbor Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Harbor Springs businesses.

We can help you find the best banks for small businesses in Harbor Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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