Benton Harbor, Michigan Bank Lends Money to Health And Personal Care Stores Company in Portage, Michigan
A Benton Harbor, Michigan small business loan can be yours. Learn how one firm got a $150,000 business loan from this Michigan bank.
This loan to a local firm is a good example of an SBA loan. Chemical Bank made the loan and the SBA guaranteed a portion of the loan. Many other Michigan entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
PORTAGE, MI 49024
SBA Loan Lender
CHEMICAL BANK
823 RIVERVIEW DR
BENTON HARBOR, MI 49022
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
446199 - Health and Personal Care Stores
Loan Approval Date
12/11/2003
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 15 employees. The loan application indicated that the loan would help retain 15 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a company 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.
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:
Obtaining Funding - How to Borrow Money
SBA Approved Banks in Benton Harbor, Michigan
SBA Lenders in Michigan