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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Auburn Hills, Business Loans > Bank Of Auburn Hills Auburn Hills Business Loans > Commercial And Institutional Building Construction Loan | ||||
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Raising Money in Goodrich, Michigan With SBA Loans
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Raising Money for Commercial and Institutional Building ConstructionWith these business loans for commercial and institutional building construction, the SBA guarantees the lender that the loan will be repaid. This commercial and institutional building construction loan for $586,300 was given to a Michigan entrepreneur in 2006. Getting a small business loan in Goodrich, Michigan was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Auburn Hills, operating out of Auburn Hills, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender BANK OF AUBURN HILLS This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236220 - Commercial and Institutional Building Construction Loan Approval Date 7/6/2006 Loan Approval Gross Amount $586,300 Loan Approval from the SBA Of the total $586,300 loan amount, the SBA guaranteed $439,725. 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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Auburn Hills that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Who Lends Money to Small Businesses in Auburn Hills, Michigan Getting an SBA Loan in Michigan
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