Entrepreneur Works With Sault Sainte Marie, Michigan Bank to Get an SBA Loan

Thinking about meeting with a Sault Sainte Marie, Michigan bank about a business loan? Here's one Michigan business loan, issued by a Sault Sainte Marie bank, that was approved by the SBA.

Applying for an SBA loan with Old Mission Bank worked out well for our friends at one local company in Sault Ste. Marie, Michigan. They received an SBA loan for $40,000. Nice!

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
SAULT STE. MARIE, MI 49783

SBA Loan Lender

OLD MISSION BANK
2701 I-75 BUSINESS SPUR
SAULT SAINTE MARIE, MI 49783

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

561730 - Landscaping Services

Loan Approval Date

5/14/2007

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Sault Ste. Marie MI, you ought to talk with a local Sault Ste. Marie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sault Ste. Marie businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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