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May 11, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Houghton, Business Loans > Wells Fargo Bank Houghton Business Loans > Funeral Service And Crematories Loan | ||||
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Michigan Bank SBA Loans
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Wells Fargo Bank SBA Loan to Funeral Service And Crematories CompanyLooking to get a Michigan business loan? Here's one Michigan business loan that was approved by the SBA. This growing firm needed an SBA business loan in L'Anse, Michigan back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Houghton, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES SBA Loan Lender WELLS FARGO BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7261 - Funeral Service and Crematories Loan Approval Date 1/18/2000 Loan Approval Gross Amount $852,000 Loan Approval from the SBA Of the total $852,000 loan amount, the SBA guaranteed $639,000. 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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Dealing With Venture Capitalists Small Business Banks in Houghton, Michigan
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