General Long-Distance Freight Trucking Commercial Loans

Looking for commercial loans for general long-distance freight trucking? Try the SBA. This $27,254 general long-distance freight trucking loan was issued by a Michigan bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Macatawa Bank, out of Holland, Michigan. The loan was granted and they received $27,254 to help grow their Akron, Michigan business.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
AKRON, MI 48701

SBA Loan Lender

MACATAWA BANK
124 E 8TH ST
HOLLAND, MI 49423

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$27,254

Loan Approval from the SBA

Of the total $27,254 loan amount, the SBA guaranteed $23,165.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Akron MI, you ought to talk with a local Akron SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Akron businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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