Michigan SBA Loan Issued to Bowling Centers Company
Would a Michigan business loan help your company expand? If so, you may want to talk with this Texas bank, which offers SBA loans to Michigan entrepreneurs.
You can learn something about getting a small business loan in Houghton, Michigan by studying this loan to a local business, made back in 2007. Banks like Comerica Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BOWLING CENTERS
HOUGHTON, MI 49931
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713950 - Bowling Centers
Loan Approval Date
7/26/2007
Loan Approval Gross Amount
$1,310,000
Loan Approval from the SBA
Of the total $1,310,000 loan amount, the SBA guaranteed $982,500.
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 only one employee. This SBA loan request indicated that the loan would help generate 60 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
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