Local Business Gets a Michigan Business Loan

Would a Michigan business loan help your company expand? If so, you may want to talk with this Michigan bank, which offers SBA loans to Michigan entrepreneurs.

Getting a small business loan in Marquette, Michigan was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Miners State Bank. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
MARQUETTE, MI 49855

SBA Loan Lender

THE MINERS STATE BANK
312 W GENESEE ST
IRON RIVER, MI 49935

This loan for a small business 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

621610 - Home Health Care Services

Loan Approval Date

6/15/2007

Loan Approval Gross Amount

$535,000

Loan Approval from the SBA

Of the total $535,000 loan amount, the SBA guaranteed $401,250.

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 34 employees. The loan application indicated that the loan would help retain 34 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a 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.

We've showcased information on this loan to let you know that businesses like yours 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:

Angel Investors

SBA Approved Banks in Iron River, Michigan

Getting an SBA Loan in Michigan