Small Business Loans for Spectator Sports
With these small business loans for spectator sports, the SBA guarantees the lender that the loan will be repaid. This spectator sports loan for $350,000 was given to a Michigan entrepreneur in 2001.
Getting a small business loan in Galesburg, Michigan was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Irwin Union Bank & Trust, operating out of Columbus, Indiana. Here are the details on this Michigan small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECTATOR SPORTS
GALESBURG, MI 49053
SBA Loan Lender
IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
711219 - Spectator Sports
Loan Approval Date
10/31/2001
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $262,500.
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 5 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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SBA Banks in Columbus, Indiana
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