Loan Census Banking News and Information
December 22, 2024  
 
 
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Muskegon, Michigan SBA 7A Banks

 

 
Loan Census SBA Loan Info

Muskegon, Michigan Lender Lends Money to Accounting Services Company

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

Applying for an SBA loan with Community Shores Bank worked out well for our friends at one local company in Muskegon, Michigan. The business was able to get an SBA loan for $30,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: ACCOUNTING SERVICES
MUSKEGON, MI 49441

SBA Loan Lender

COMMUNITY SHORES BANK
1030 W NORTON AVE
MUSKEGON, MI 49441

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541219 - Accounting Services

Loan Approval Date

8/9/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Community Shores Bank 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:

Financing Your Business

SBA 7A Banks for Muskegon, Michigan Loans

SBA Lenders in Michigan