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November 22, 2024  
 
 
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Raising Money in Port Huron, Michigan With SBA Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Two Men And A Truck Franchise

Need a loan to invest in a Two Men And A Truck franchise? Lasalle Bank Midwest has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Port Huron, Michigan needed money to invest in a Two Men And A Truck franchise back in 2005. Lasalle Bank Midwest issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

TWO MEN AND A TRUCK
PORT HURON, MI 48060

SBA Loan Lender

LASALLE BANK MIDWEST
124 W ALLEGAN
LANSING, MI 48933

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

484210 - Used Household and Office Goods Moving

Loan Approval Date

2/8/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Two Men And A Truck franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $25,000 loan. Remember, if it to be, it is up to me!

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:

Two Men And A Truck International, Inc.

SBIR Funding

Banks in Lansing, Michigan

Getting an SBA Loan in Michigan