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November 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Grand Rapids, Business Loans > Northpointe Bank Grand Rapids Business Loans > Full-Service Restaurants Loan | ||||
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Oscoda, Michigan Bank for SBA Loans
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Business Loans for Full-Service RestaurantsLooking for business loans for full-service restaurants? Talk to a banker who works with the SBA. This $224,000 full-service restaurants loan was issued by a Michigan bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Northpointe Bank, out of Grand Rapids, Michigan. The loan was granted and they received $224,000 to help grow their Oscoda, Michigan business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender NORTHPOINTE BANK This bank 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 722110 - Full-Service Restaurants Loan Approval Date 12/22/2004 Loan Approval Gross Amount $224,000 Loan Approval from the SBA Of the total $224,000 loan amount, the SBA guaranteed $168,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in Grand Rapids, Michigan
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