 |
 |
November 24, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Ishpeming, Business Loans > Peninsula Bank - Ishpening Ishpeming Business Loans > Highway, Street, And Bridge Construction Loan | ||||
 |
||||
Ishpeming, Michigan SBA Banks
|
||||
 |
Ishpeming, Michigan Bank Gives SBA Loan to Highway, Street, And Bridge Construction CompanyThinking about meeting with an Ishpeming, Michigan bank about an SBA loan? Here's one Michigan business loan, issued by an Ishpeming bank, that was approved by the SBA. Applying for an SBA loan with Peninsula Bank - Ishpening worked out well for our friends at one local firm in Skandia, Michigan. The business was able to get an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender PENINSULA BANK - ISHPENING This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 1/27/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Peninsula Bank - Ishpening and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Approved Banks in Ishpeming, Michigan
|
|
||
|
||||
|
|
||||