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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Portage, Business Loans > Portage Commerce Bank Portage Business Loans > Skiing Facilities Loan | ||||
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Michigan Bank SBA Loans
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SBA Loan from Portage Commerce Bank Helps Skiing Facilities CompanyAn SBA loan from Portage Commerce Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gobles, Michigan business owner got a $1,300,000 loan. This business knew how to go about getting a business bank loan. Based in Gobles, Michigan, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Portage Commerce Bank, based in Portage, Michigan. SBA Loan Borrower COMPANY TYPE: SKIING FACILITIES SBA Loan Lender PORTAGE COMMERCE BANK 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 713920 - Skiing Facilities Loan Approval Date 5/9/2007 Loan Approval Gross Amount $1,300,000 Loan Approval from the SBA Of the total $1,300,000 loan amount, the SBA guaranteed $975,000. 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 190 employees. This SBA loan request indicated that the loan would help retain 190 existing jobs. 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 want money for start up business? Maybe you need money to buy a business? 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. Related Links: Find an SBA Lender in Portage, Michigan Browse All Business Loan Sources for Michigan
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