Raising Money for Vending Machine Operators

Looking for business loans for vending machine operators? An SBA loan may be just what you've been looking for. This $230,000 vending machine operators loan was issued by a Michigan bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank Of Lenawee, out of Adrian, Michigan. The loan was granted and they received $230,000 to help grow their Manitou Beach, Michigan business.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
MANITOU BEACH, MI 49221

SBA Loan Lender

BANK OF LENAWEE
135 E MAUMEE ST
ADRIAN, MI 49221

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

8/7/2001

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Lenawee so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Cash Advances

SBA 7A Lenders in Adrian, Michigan

Getting an SBA Loan in Michigan