Business Loan from Grand Haven Bank Given to Aluminum Die-Casting Foundries Company

An SBA loan from Grand Haven Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Spring Lake, Michigan business owner got a $1,400,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Grand Haven Bank, out of Grand Haven, Michigan. The loan was granted and they received $1,400,000 to help grow their Spring Lake, Michigan business.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM DIE-CASTING FOUNDRIES
SPRING LAKE, MI 49456

SBA Loan Lender

GRAND HAVEN BANK
333 WASHINGTON AVE
GRAND HAVEN, MI 49417

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331521 - Aluminum Die-Casting Foundries

Loan Approval Date

7/23/2002

Loan Approval Gross Amount

$1,400,000

Loan Approval from the SBA

Of the total $1,400,000 loan amount, the SBA guaranteed $999,992.

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 103 employees. The SBA loan documents did not indicate that the business promised 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 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Business Credit Evaluation

SBA Banks in Grand Haven, Michigan

Where to Get an SBA Loan Michigan