Industrial Pattern Manufacturing Commercial Loans

With these commercial loans for industrial pattern manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial pattern manufacturing loan for $140,000 was given to a Michigan entrepreneur in 2008.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Benton Harbor, Michigan was able to borrow $140,000 from 1st Source Bank. The SBA made the loan possible by guaranteeing $70,000 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PATTERN MANUFACTURING
BENTON HARBOR, MI 49027

SBA Loan Lender

1ST SOURCE BANK
100 N MICHIGAN ST
SOUTH BEND, IN 46601

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

332997 - Industrial Pattern Manufacturing

Loan Approval Date

2/5/2008

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $70,000.

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 11 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 14 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st Source Bank and they will explain how you can get an SBA loan for your company.

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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