Raising Money for Personal Care Services

Looking for business loans for personal care services? Try the SBA. This $226,000 personal care services loan was issued by a Michigan bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Macatawa Bank, out of Holland, Michigan. The loan was granted and they received $226,000 to help grow their Holland, Michigan business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
HOLLAND, MI 49424

SBA Loan Lender

MACATAWA BANK
10753 MACATAWA DR
HOLLAND, MI 49424

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

4/19/2004

Loan Approval Gross Amount

$226,000

Loan Approval from the SBA

Of the total $226,000 loan amount, the SBA guaranteed $113,000.

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 12 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 12 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Holland MI, you ought to talk with a local Holland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holland businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Macatawa Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Macatawa Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Financing Your Business

SBA Participating Banks in Holland, Michigan

Getting a Business Loan in Michigan