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May 12, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Air-Conditioning And Warm Air Heating Equipment Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Where to Get Capital for Air-Conditioning and Warm Air Heating EquipmentLooking for small business loans for air-conditioning and warm air heating equipment? Talk to a banker who works with the SBA. This $721,000 air-conditioning and warm air heating equipment loan was issued by a Michigan bank. Getting a small business loan in Mount Carroll, Illinois was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Fifth Third Bank, operating out of Grand Rapids, Michigan. Here are the details on this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: AIR-CONDITIONING AND WARM AIR HEATING EQUIPMENT SBA Loan Lender FIFTH THIRD BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333415 - Air-Conditioning and Warm Air Heating Equipment Loan Approval Date 12/23/2004 Loan Approval Gross Amount $721,000 Loan Approval from the SBA Of the total $721,000 loan amount, the SBA guaranteed $540,750. More Information on This SBA Loan The borrower borrowed this money for an existing 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 21 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 21 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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: Determining Proper Capital Structure for a Business SBA Approved Banks in Grand Rapids, Michigan
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