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May 12, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Auburn Hills, Business Loans > Comerica Bank Auburn Hills Business Loans > Communication Equipment Repair And Maintenance Loan | ||||
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Michigan Bank SBA Loans
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SBA Loan from Comerica Bank Helps Communication Equipment Repair And Maintenance CompanyAn SBA loan from Comerica Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rolling Meadows, Illinois business owner got a $412,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rolling Meadows, Illinois was able to borrow $412,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $309,000 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: COMMUNICATION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender COMERICA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811213 - Communication Equipment Repair and Maintenance Loan Approval Date 6/30/2006 Loan Approval Gross Amount $412,000 Loan Approval from the SBA Of the total $412,000 loan amount, the SBA guaranteed $309,000. 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 16 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $412,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Auburn Hills, Michigan Banks for Small Business
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