Where to Get Capital for Office Equipment Merchant Wholesalers

With these small business loans for office equipment merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This office equipment merchant wholesalers loan for $535,000 was given to a Michigan entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Marquette, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Peninsula Bank - Ishpening, based in Marquette, Michigan.

SBA Loan Borrower

COMPANY TYPE: OFFICE EQUIPMENT MERCHANT WHOLESALERS
MARQUETTE, MI 49855

SBA Loan Lender

PENINSULA BANK - ISHPENING
102 N FRONT ST
MARQUETTE, MI 49855

This 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

423420 - Office Equipment Merchant Wholesalers

Loan Approval Date

1/31/2007

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. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help generate 1 new job and retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Dealing With Venture Capitalists

Find an SBA Lender in Marquette, Michigan

Michigan SBA 7A Lenders