Getting an SBA Loan for Amusement and Recreation Industries
Looking for commercial loans for amusement and recreation industries? The SBA may be the answer. This $105,000 amusement and recreation industries loan was issued by a Michigan bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orono (town Of), Maine was able to borrow $105,000 from Macomb Community Bank. The SBA made the loan possible by guaranteeing $78,750 of this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: AMUSEMENT AND RECREATION INDUSTRIES
ORONO (TOWN OF), ME 04473
SBA Loan Lender
MACOMB COMMUNITY BANK
16000 HALL RD, STE 102
CLINTON TOWNSHIP, MI 48038
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713990 - Amusement and Recreation Industries
Loan Approval Date
4/24/2007
Loan Approval Gross Amount
$105,000
Loan Approval from the SBA
Of the total $105,000 loan amount, the SBA guaranteed $78,750.
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 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Macomb Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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