Getting an SBA Loan for Radio and Television Broadcasting and Wireless Communications Equipment

Looking for commercial loans for radio and television broadcasting and wireless communications equipment? An SBA loan may be just what you've been looking for. This $65,200 radio and television broadcasting and wireless communications equipment loan was issued by a Michigan bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fruitport, Michigan was able to borrow $65,200 from United Bank Of Michigan. The SBA made the loan possible by guaranteeing $52,160 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: RADIO AND TELEVISION COMMUNICATIONS EQUIPMENT
FRUITPORT, MI 49415

SBA Loan Lender

UNITED BANK OF MICHIGAN
900 E PARIS AVE SE
GRAND RAPIDS, MI 49546

This small business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3663 - Radio and Television Communications Equipment

NAICS Code

334220 - Radio and Television Broadcasting and Wireless Communications Equipment

Loan Approval Date

3/30/2000

Loan Approval Gross Amount

$65,200

Loan Approval from the SBA

Of the total $65,200 loan amount, the SBA guaranteed $52,160.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Bank Credit Lines

Small Business Banks in Grand Rapids, Michigan

Michigan SBA 7A Lenders