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November 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Alma, Business Loans > Commercial Bank Alma Business Loans > Cutting Tool And Machine Tool Accessory Manufacturing Loan | ||||
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Alma, Michigan Bank for SBA Loans
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Alma, Michigan Lender Lends Money to Cutting Tool And Machine Tool Accessory Manufacturing CompanyGet to know Alma, Michigan banks that specialize in business loans and know how to work with entrepreneurs. Commercial Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Saint Louis, Michigan starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Commercial Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CUTTING TOOL AND MACHINE TOOL ACCESSORY MANUFACTURING SBA Loan Lender COMMERCIAL BANK The lender provided this bank 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 333515 - Cutting Tool and Machine Tool Accessory Manufacturing Loan Approval Date 8/1/2003 Loan Approval Gross Amount $64,842 Loan Approval from the SBA Of the total $64,842 loan amount, the SBA guaranteed $32,421. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $64,842. How would you spend $64,842 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Lenders in Alma, Michigan
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