Business Loans for Insurance Related Activities

With these business loans for insurance related activities, the SBA guarantees the lender that the loan will be repaid. This insurance related activities loan for $370,000 was given to a Michigan entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Auburn, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Natl City Mortgage Services Co, based in Kalamazoo, Michigan.

SBA Loan Borrower

COMPANY TYPE: INSURANCE RELATED ACTIVITIES
AUBURN, MI 48611

SBA Loan Lender

NATL CITY MORTGAGE SERVICES CO
108 E MICHIGAN AVE
KALAMAZOO, MI 49007

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524298 - Insurance Related Activities

Loan Approval Date

9/4/2007

Loan Approval Gross Amount

$370,000

Loan Approval from the SBA

Of the total $370,000 loan amount, the SBA guaranteed $277,500.

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 21 employees. This SBA loan request indicated that the loan would help retain 21 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Natl City Mortgage Services Co that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Credit Evaluation

Find an SBA Lender in Kalamazoo, Michigan

Getting an SBA Loan in Michigan