Caro, Michigan Bank Lends Money to New Car Dealers Company in Sebewaing, Michigan

Want to talk with a Caro, Michigan bank about a business loan? Here's one Michigan business loan, issued by a Caro bank, that was approved by the SBA.

Applying for an SBA loan with Chemical Bank worked out well for our friends at one local business in Sebewaing, Michigan. The business was able to get an SBA loan for $2,000,000. Nice!

SBA Loan Borrower

COMPANY TYPE: NEW CAR DEALERS
SEBEWAING, MI 48767

SBA Loan Lender

CHEMICAL BANK
240 N STATE ST
CARO, MI 48723

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

4/28/2004

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 40 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Sebewaing 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.

Related Links:

Getting a Small Business Loan

SBA 7A Banks for Caro, Michigan Loans

SBA Michigan Lenders