Lasalle Bank Midwest SBA Loan to Structural Wood Members Company
Looking to get a Michigan business loan? Here's one Michigan business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in Grand Rapids, Michigan, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Lasalle Bank Midwest, based in Lansing, Michigan.
SBA Loan Borrower
COMPANY TYPE: STRUCTURAL WOOD MEMBERS
GRAND RAPIDS, MI 49554
SBA Loan Lender
LASALLE BANK MIDWEST
124 W ALLEGAN
LANSING, MI 48933
This lender provides SBA guaranteed business loans 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.
SIC Code
2439 - Structural Wood Members
Loan Approval Date
3/9/2000
Loan Approval Gross Amount
$1,000,000
Loan Approval from the SBA
Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.
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 33 employees. The loan application indicated that the loan would help generate 33 new jobs and retain 33 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.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Lasalle Bank Midwest so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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