Commercial Loans for Logging

Looking for commercial loans for logging? Talk to a banker who works with the SBA. This $32,500 logging loan was issued by a Michigan bank.

This business knew how to go about getting a business bank loan. Based in Brimley, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Old Mission Bank, based in Sault Sainte Marie, Michigan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
BRIMLEY, MI 49715

SBA Loan Lender

OLD MISSION BANK
2701 I-75 BUSINESS SPUR
SAULT SAINTE MARIE, MI 49783

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

113310 - Logging

Loan Approval Date

9/23/2005

Loan Approval Gross Amount

$32,500

Loan Approval from the SBA

Of the total $32,500 loan amount, the SBA guaranteed $16,250.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Old Mission Bank 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

Who Lends Money to Small Businesses in Sault Sainte Marie, Michigan

SBA Participating Banks in Michigan