Financing for Metalworking Machinery Manufacturing

Looking for commercial loans for metalworking machinery manufacturing? The SBA may be the answer. This $203,200 metalworking machinery manufacturing loan was issued by a Michigan bank.

This business knew how to go about getting a business bank loan. Based in Cheboygan, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Citizens National Bank - Cheboygan, based in Cheboygan, Michigan.

SBA Loan Borrower

COMPANY TYPE: METALWORKING MACHINERY MANUFACTURING
CHEBOYGAN, MI 49721

SBA Loan Lender

CITIZENS NATIONAL BANK - CHEBOYGAN
303 N MAIN ST
CHEBOYGAN, MI 49721

This business 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

333518 - Metalworking Machinery Manufacturing

Loan Approval Date

8/24/2006

Loan Approval Gross Amount

$203,200

Loan Approval from the SBA

Of the total $203,200 loan amount, the SBA guaranteed $101,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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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