Entrepreneur Works With Troy, Michigan Bank to Get an SBA Loan

Want to talk with a Troy, Michigan bank about a business loan? Here's one Michigan business loan, issued by a Troy bank, that was approved by the SBA.

Applying for an SBA loan with Lasalle Bank Midwest worked out well for our friends at one local firm in Flushing, Michigan. They received an SBA loan for $70,000. Nice!

SBA Loan Borrower

COMPANY TYPE: TEMPORARY HELP SERVICES
FLUSHING, MI 48433

SBA Loan Lender

LASALLE BANK MIDWEST
2600 W BIG BEAVER RD
TROY, MI 48084

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

561320 - Temporary Help Services

Loan Approval Date

2/9/2006

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $35,000.

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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 12 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $70,000 loan. Remember, things become real when you believe you can achieve them!

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:

Obtaining Funding - How to Decide How Much to Raise

Where to Get an SBA Loan in Troy, Michigan

Browse All Business Loan Sources for Michigan