Business Loans for Industrial Supplies Wholesalers

Looking for business loans for industrial supplies wholesalers? Try the SBA. This $200,000 industrial supplies wholesalers loan was issued by a Michigan bank.

Getting a small business loan in Grand Rapids, Michigan was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Choiceone Bank, operating out of Sparta, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES
GRAND RAPIDS, MI 49504

SBA Loan Lender

CHOICEONE BANK
109 E DIVISION
SPARTA, MI 49345

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5085 - Industrial Supplies

NAICS Code

421840 - Industrial Supplies Wholesalers

Loan Approval Date

9/29/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Attracting Investors

Where to Get an SBA Loan in Sparta, Michigan

Michigan SBA 7A Lenders