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December 19, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Brookfield, Business Loans > Ridgestone Bank Brookfield Business Loans > Sawmills Loan | ||||
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Harrison, Michigan Bank Loan
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Financing for SawmillsLooking for commercial loans for sawmills? Try the SBA. This $1,100,000 sawmills loan was issued by a Wisconsin bank. This business knew how to go about getting a business bank loan. Based in Harrison, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Ridgestone Bank, based in Brookfield, Wisconsin. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender RIDGESTONE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 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. NAICS Code 321113 - Sawmills Loan Approval Date 3/13/2007 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $825,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Brookfield, Wisconsin
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