Raising Money for Rolled Steel Shape Manufacturing

With these bank loans for rolled steel shape manufacturing, the SBA guarantees the lender that the loan will be repaid. This rolled steel shape manufacturing loan for $1,740,000 was given to a Michigan entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Muskegon, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Muskegon Commerce Bank, based in Muskegon, Michigan.

SBA Loan Borrower

COMPANY TYPE: ROLLED STEEL SHAPE MANUFACTURING
MUSKEGON, MI 49441

SBA Loan Lender

MUSKEGON COMMERCE BANK
281 SEMINOLE RD
MUSKEGON, MI 49444

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331221 - Rolled Steel Shape Manufacturing

Loan Approval Date

8/11/2005

Loan Approval Gross Amount

$1,740,000

Loan Approval from the SBA

Of the total $1,740,000 loan amount, the SBA guaranteed $1,305,000.

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 43 employees. This SBA loan request indicated that the loan would help retain 43 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Small Business Credit Cards

Good Banks for Small Business in Muskegon, Michigan

SBA Lenders in Michigan