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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Negaunee, Business Loans > Range Bank Negaunee Business Loans > Eating Places Loan | ||||
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Marquette, Michigan Bank Loan
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Michigan Bank Loan Issued to Eating Places CompanyMichiganBank loans are available to Michigan firms through the SBA. In this case, a Michigan bank provides the loan. You can learn something about getting a small business loan in Marquette, Michigan by studying this loan to a local company, made back in 2001. Banks like Range Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender RANGE BANK 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 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/21/2001 Loan Approval Gross Amount $144,150 Loan Approval from the SBA Of the total $144,150 loan amount, the SBA guaranteed $122,527. 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 40 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Marquette or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks in Negaunee, Michigan
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