Drinking Places Business Loans

Looking for business loans for drinking places? Talk to a banker who works with the SBA. This $325,000 drinking places loan was issued by a Michigan bank.

Getting a small business loan in Novi, Iowa was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from United Bank & Tr - Washtenaw, operating out of Ann Arbor, Michigan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
NOVI, IA 48375

SBA Loan Lender

UNITED BANK & TR - WASHTENAW
2723 S STATE ST
ANN ARBOR, MI 48104

This business 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

722410 - Drinking Places

Loan Approval Date

9/5/2007

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

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 50 employees. The SBA loan application for the borrower indicated that the loan would help retain 50 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $325,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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