Lasalle Bank Midwest Gives Business Loan to Packing And Crating Company
Looking to get a Michigan small business loan? This Michigan entrepreneur got a small business loan, provided by a Michigan bank that works with the SBA to help small business owners.
Getting a small business loan in Flint, Michigan was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Lasalle Bank Midwest. Here are the details on this Michigan small business loan.
SBA Loan Borrower
COMPANY TYPE: PACKING AND CRATING
FLINT, MI 48507
SBA Loan Lender
LASALLE BANK MIDWEST
2600 W BIG BEAVER RD
TROY, MI 48084
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
488991 - Packing and Crating
Loan Approval Date
3/15/2007
Loan Approval Gross Amount
$1,298,600
Loan Approval from the SBA
Of the total $1,298,600 loan amount, the SBA guaranteed $973,950.
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 20 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 20 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Flint or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Direct Public Offerings
SBA Participating Banks in Troy, Michigan
SBA Michigan Banks