Getting an SBA Loan for Measuring and Controlling Device Manufacturing

With these SBA loans for measuring and controlling device manufacturing, the SBA guarantees the lender that the loan will be repaid. This measuring and controlling device manufacturing loan for $833,000 was given to a Michigan entrepreneur in 2000.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Tcf National Bank, out of Ann Arbor, Michigan. The loan was granted and they received $833,000 to help grow their Detroit, Michigan business.

SBA Loan Borrower

COMPANY TYPE: MEASURING AND CONTROLLING DEVICES
DETROIT, MI 48234

SBA Loan Lender

TCF NATIONAL BANK
401 E LIBERTY ST
ANN ARBOR, MI 48104

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3829 - Measuring and Controlling Devices

NAICS Code

334519 - Measuring and Controlling Device Manufacturing

Loan Approval Date

6/14/2000

Loan Approval Gross Amount

$833,000

Loan Approval from the SBA

Of the total $833,000 loan amount, the SBA guaranteed $749,700.

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 20 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Tcf National 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.

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