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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Traverse City, Business Loans > Irwin Union Bank & Trust Traverse City Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Examples of Kokomo SBA Loans
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Automotive Body, Paint, and Interior Repair and Maintenance LoansLooking for loans for automotive body, paint, and interior repair and maintenance? Try the SBA. This $501,600 automotive body, paint, and interior repair and maintenance loan was issued by a Michigan bank. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Irwin Union Bank & Trust, out of Traverse City, Michigan. The loan was granted and they received $501,600 to help grow their Kokomo, Indiana business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender IRWIN UNION BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 1/26/2006 Loan Approval Gross Amount $501,600 Loan Approval from the SBA Of the total $501,600 loan amount, the SBA guaranteed $376,200. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 36 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $501,600 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banks in Traverse City, Michigan
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