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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Machine Tool Manufacturing Loan | ||||
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We Needed a Business Loan in Oak Park, Michigan and We Got One!
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SBA Loans for Machine Tool ManufacturingLooking for SBA loans for machine tool manufacturing? Try the SBA. This $664,000 machine tool manufacturing loan was issued by a Texas bank. This small business knew how to go about getting a business bank loan. Based in Oak Park, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Comerica Bank, based in Dallas, Texas. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender COMERICA BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333513 - Machine Tool Manufacturing Loan Approval Date 12/18/2002 Loan Approval Gross Amount $664,000 Loan Approval from the SBA Of the total $664,000 loan amount, the SBA guaranteed $498,000. 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 15 employees. This SBA loan request indicated that the loan would help retain 15 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $664,000 loan. Remember, if it to be, it is up to me! 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: Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in Dallas, Texas
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