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November 25, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Electric And Gas Welding And Soldering Equipment Loan | ||||
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SBA Lender Jackson Michigan
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Jackson, Michigan Entrepreneur Gets a Business LoanMichiganBusiness loans are available to Michigan business owners through the SBA. In this case, a Texas bank provides the loan. Getting a small business loan in Jackson, Michigan was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRIC AND GAS WELDING AND SOLDERING EQUIPMENT SBA Loan Lender COMERICA BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3548 - Electric and Gas Welding and Soldering Equipment Loan Approval Date 6/20/2000 Loan Approval Gross Amount $367,000 Loan Approval from the SBA Of the total $367,000 loan amount, the SBA guaranteed $275,250. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $367,000 loan. Remember, where there is a will, there is a way! 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: SBA Approved Banks in Dallas, Texas
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