Ishpeming, Michigan Lender Lends Money to Personal Services Company

Thinking about meeting with an Ishpeming, Michigan bank about a small business loan? Here's one Michigan business loan, issued by an Ishpeming bank, that was approved by the SBA.

Applying for an SBA loan with Peninsula Bank - Ishpening worked out well for our friends at one local company in Palmer, Michigan. They got an SBA loan for $75,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
PALMER, MI 49871

SBA Loan Lender

PENINSULA BANK - ISHPENING
100 S MAIN ST
ISHPEMING, MI 49849

This lender issued this particular 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

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

3/14/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 18 employees. This SBA loan request did not indicate that the business 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?

If you have been wondering how do i get money to start a business in Palmer MI, you ought to talk with a local Palmer SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palmer businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Peninsula Bank - Ishpening so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Getting a Small Business Loan

Best Banks for Small Business in Ishpeming, Michigan

Find an SBA Lender in Michigan