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December 20, 2024  
 
 
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Rochester Hills, Michigan Bank Loan

 

 
Loan Census SBA Loan Info

Loans for Commercial Photography

Looking for loans for commercial photography? The SBA may be the answer. This $204,275 commercial photography loan was issued by a Michigan bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Lasalle Bank Midwest, out of Troy, Michigan. The loan was granted and they received $204,275 to help grow their Rochester Hills, Michigan business.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PHOTOGRAPHY
ROCHESTER HILLS, MI 48309

SBA Loan Lender

LASALLE BANK MIDWEST
2600 W BIG BEAVER RD
TROY, MI 48084

The lender provided this SBA small business 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

541922 - Commercial Photography

Loan Approval Date

10/27/2005

Loan Approval Gross Amount

$204,275

Loan Approval from the SBA

Of the total $204,275 loan amount, the SBA guaranteed $102,137.

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 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

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.

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 $204,275 loan. Remember, things become real when you believe you can achieve them!

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 Troy, Michigan

Getting an SBA Loan in Michigan