Manistique, Michigan Lender Lends Money to Grocery Stores Company

Get small business loans from a Manistique, Michigan bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

St. Savings Bank - Manistique is a Manistique, Michigan small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Michigan company.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
CURTIS, MI 49820

SBA Loan Lender

ST. SAVINGS BANK - MANISTIQUE
101 S CEDAR ST
MANISTIQUE, MI 49854

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/27/2001

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from St. Savings Bank - Manistique so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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