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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Muskegon, Business Loans > Muskegon Commerce Bank Muskegon Business Loans > Automotive Oil Change And Lubrication Shops Loan | ||||
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Business Loans for Muskegon Entrepreneurs
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Automotive Oil Change and Lubrication Shops Small Business LoansLooking for small business loans for automotive oil change and lubrication shops? An SBA loan may be just what you've been looking for. This $229,250 automotive oil change and lubrication shops loan was issued by a Michigan bank. Getting a small business loan in Muskegon, Michigan was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Muskegon Commerce Bank, operating out of Muskegon, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS SBA Loan Lender MUSKEGON COMMERCE 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 American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 6/8/2004 Loan Approval Gross Amount $229,250 Loan Approval from the SBA Of the total $229,250 loan amount, the SBA guaranteed $171,938. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Muskegon 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. Related Links: Borrowing Money from Friends and Family Who Lends Money to Small Businesses in Muskegon, Michigan
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