Where to Get Capital for Fluid Power Valve and Hose Fitting Manufacturing

With these small business loans for fluid power valve and hose fitting manufacturing, the SBA guarantees the lender that the loan will be repaid. This fluid power valve and hose fitting manufacturing loan for $13,400 was given to a Michigan entrepreneur in 2008.

This company knew how to go about getting a business bank loan. Based in East Tawas, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Huron Community Bank, based in East Tawas, Michigan.

SBA Loan Borrower

COMPANY TYPE: FLUID POWER VALVE AND HOSE FITTING MANUFACTURING
EAST TAWAS, MI 48730

SBA Loan Lender

HURON COMMUNITY BANK
301 N NEWMAN
EAST TAWAS, MI 48730

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

332912 - Fluid Power Valve and Hose Fitting Manufacturing

Loan Approval Date

1/7/2008

Loan Approval Gross Amount

$13,400

Loan Approval from the SBA

Of the total $13,400 loan amount, the SBA guaranteed $6,700.

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 17 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Huron Community Bank 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.

Related Links:

Angel Investors

Where to Get an SBA Loan in East Tawas, Michigan

Getting an SBA Loan in Michigan