 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Michigan City, Business Loans > Horizon Bank Michigan City Business Loans > Testing Laboratories Loan | ||||
 |
||||
Indiana SBA 7A Lenders
|
||||
 |
Michigan City, Indiana Bank Lends Money to Testing Laboratories Company in Benton Harbor, MichiganFind Michigan City, Indiana banks that specialize in business loans and know how to work with entrepreneurs. Horizon Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Benton Harbor, Michigan starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Horizon Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender HORIZON BANK This lender issued this particular loan for a small business 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 541380 - Testing Laboratories Loan Approval Date 6/2/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 15 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: SBA 7A Lenders in Michigan City, Indiana
|
|
||
|
||||
|
|
||||