Negaunee, Michigan Bank Lends Money to Gasoline Service Stations Company in Marquette, Michigan

Thinking about meeting with a Negaunee, Michigan bank about a small business loan? Here's one Michigan business loan, issued by a Negaunee bank, that was approved by the SBA.

Applying for an SBA loan with Range Bank worked out well for our friends at one local business in Marquette, Michigan. They received an SBA loan for $85,000. Great job!

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
MARQUETTE, MI 49855

SBA Loan Lender

RANGE BANK
350 IRON ST
NEGAUNEE, MI 49866

This lender issued this particular SBA 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

5541 - Gasoline Service Stations

NAICS Code

442110 - Furniture Stores

Loan Approval Date

10/20/2000

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Marquette MI, you ought to talk with a local Marquette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marquette businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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SBA Banks in Negaunee, Michigan

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