Mbank SBA Loan to Computer Maintenance And Repair Company

Want a Michigan SBA loan? Here's one Michigan business loan that was approved by the SBA.

This small business needed an SBA business loan in Iron Mountain, Michigan back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Mbank, operating out of Manistique, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER MAINTENANCE AND REPAIR
IRON MOUNTAIN, MI 49801

SBA Loan Lender

MBANK
130 S CEDAR ST
MANISTIQUE, MI 49854

This lender issued this particular business 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.

SIC Code

7378 - Computer Maintenance and Repair

Loan Approval Date

2/11/2000

Loan Approval Gross Amount

$34,000

Loan Approval from the SBA

Of the total $34,000 loan amount, the SBA guaranteed $27,200.

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. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Iron Mountain MI, you ought to talk with a local Iron Mountain SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Iron Mountain businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mbank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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