Byron Center, Michigan Lender Lends Money to Flooring Contractors Company

Want to talk with a Byron Center, Michigan bank about an SBA loan? Here's one Michigan business loan, issued by a Byron Center bank, that was approved by the SBA.

Applying for an SBA loan with Byron Bank worked out well for our friends at one local firm in Grandville, Michigan. The business was able to get an SBA loan for $700,000. Great job!

SBA Loan Borrower

COMPANY TYPE: FLOORING CONTRACTORS
GRANDVILLE, MI 49315

SBA Loan Lender

BYRON BANK
2445 84TH ST SW
BYRON CENTER, MI 49315

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238330 - Flooring Contractors

Loan Approval Date

9/28/2007

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 28 employees. The loan application indicated that the loan would help retain 28 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Byron Bank and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - How to Decide How Much to Raise

Who Lends Money to Small Businesses in Byron Center, Michigan

Michigan SBA 7A Banks