Raising Money for Direct Life Insurance Carriers

Looking for business loans for direct life insurance carriers? Talk to a banker who works with the SBA. This $80,000 direct life insurance carriers loan was issued by a Michigan bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The State Bank, out of Fenton, Michigan. The loan was granted and they received $80,000 to help grow their Ortonville, Michigan business.

SBA Loan Borrower

COMPANY TYPE: LIFE INSURANCE
ORTONVILLE, MI 48462

SBA Loan Lender

THE STATE BANK
175 N LEROY ST
FENTON, MI 48430

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6311 - Life Insurance

NAICS Code

524113 - Direct Life Insurance Carriers

Loan Approval Date

8/29/2001

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The State Bank and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

Small Bank Loans in Fenton, Michigan

Michigan SBA 7A Lenders