Portage Commerce Bank Gives SBA Loan to Fabricated Structural Metal Manufacturing Company

MichiganBusiness loans are available to Michigan business owners through the SBA. In this case, a Michigan bank provides the loan.

Getting a small business loan in Portage, Michigan was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Portage Commerce Bank. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING
PORTAGE, MI 49002

SBA Loan Lender

PORTAGE COMMERCE BANK
800 E MILHAM
PORTAGE, MI 49002

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

332312 - Fabricated Structural Metal Manufacturing

Loan Approval Date

11/10/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help generate 1 new job and retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Portage MI, you ought to talk with a local Portage SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Portage businesses.

This SBA loan was for $250,000. How would you spend $250,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Debt Financing

Small Business Banks in Portage, Michigan

Michigan SBA Banks