The Honor State Bank SBA Loan to Direct Selling Establishments Company

An SBA loan from The Honor State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Interlochen, Michigan business owner got a $145,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Interlochen, Michigan was able to borrow $145,000 from The Honor State Bank. The SBA made the loan possible by guaranteeing $72,500 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
INTERLOCHEN, MI 49643

SBA Loan Lender

THE HONOR STATE BANK
2254 HENRY ST
HONOR, MI 49640

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

454390 - Direct Selling Establishments

Loan Approval Date

10/10/2007

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $72,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Interlochen MI, you ought to talk with a local Interlochen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Interlochen businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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