Get an SBA Loan for Ready-Mix Concrete Manufacturing

Looking for small business loans for ready-mix concrete manufacturing? Try the SBA. This $560,000 ready-mix concrete manufacturing loan was issued by a Michigan bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with St. Savings Bank - Manistique, out of Manistique, Michigan. The loan was granted and they received $560,000 to help grow their Manistique, Michigan business.

SBA Loan Borrower

COMPANY TYPE: READY-MIX CONCRETE MANUFACTURING
MANISTIQUE, MI 49854

SBA Loan Lender

ST. SAVINGS BANK - MANISTIQUE
101 S CEDAR ST
MANISTIQUE, MI 49854

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

5/2/2005

Loan Approval Gross Amount

$560,000

Loan Approval from the SBA

Of the total $560,000 loan amount, the SBA guaranteed $420,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $560,000 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:

Determining Proper Capital Structure for a Business

Good Banks for Small Business in Manistique, Michigan

Michigan SBA 7A Banks