Borrowing Money for Solid Waste Collection

With these loans for solid waste collection, the SBA guarantees the lender that the loan will be repaid. This solid waste collection loan for $402,500 was given to a Michigan entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Coleman, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Chemical Bank, based in Midland, Michigan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
COLEMAN, MI 48618

SBA Loan Lender

CHEMICAL BANK
333 E MAIN ST
MIDLAND, MI 48640

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

8/11/2004

Loan Approval Gross Amount

$402,500

Loan Approval from the SBA

Of the total $402,500 loan amount, the SBA guaranteed $301,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Angel Investors

Where to Get an SBA Loan in Midland, Michigan

SBA Michigan Banks