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November 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Negaunee, Business Loans > Range Bank Negaunee Business Loans > Electronic Computer Manufacturing Loan | ||||
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Range Bank
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Gwinn, Michigan Business Gets SBA-Guaranteed Funding from Range BankAn SBA loan from Range Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gwinn, Michigan business owner got a $150,000 loan. This growing company knew how to go about getting a business bank loan. Based in Gwinn, Michigan, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Range Bank, based in Negaunee, Michigan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC COMPUTER MANUFACTURING SBA Loan Lender RANGE BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334111 - Electronic Computer Manufacturing Loan Approval Date 6/15/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 34 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: How Much Venture Capital Is There? SBA Participating Banks in Negaunee, Michigan Where to Get an SBA Loan Michigan
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