Michigan Small Business Loan Issued to Medical Laboratories Company

Want a Michigan SBA loan? This Michigan entrepreneur got an SBA loan, provided by a Nevada bank that works with the SBA to help small business owners.

Getting a small business loan in Royal Oak, Michigan was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
ROYAL OAK, MI 48068

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8071 - Medical Laboratories

NAICS Code

621511 - Medical Laboratories

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$421,700

Loan Approval from the SBA

Of the total $421,700 loan amount, the SBA guaranteed $316,275.

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 9 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 9 existing jobs.

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

If you need money to start business in Royal Oak MI, you ought to talk with a local Royal Oak SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Royal Oak businesses.

We can help you find the best banks for small businesses in Royal Oak or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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