Traverse City, Michigan Entrepreneur Gets a Business Loan
SBA loans in Michigan are are few and far betweeen these days. We take a look at one Michigan SBA loan, provided by an Indiana bank, that was approved by the SBA.
Getting a small business loan in Traverse City, Michigan was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Irwin Union Bank & Trust. Here are the details on this Michigan small business loan.
SBA Loan Borrower
COMPANY TYPE: POURED CONCRETE FOUNDATION AND STRUCTURE CONTRACTORS
TRAVERSE CITY, MI 49686
SBA Loan Lender
IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238110 - Poured Concrete Foundation and Structure Contractors
Loan Approval Date
5/18/2004
Loan Approval Gross Amount
$310,000
Loan Approval from the SBA
Of the total $310,000 loan amount, the SBA guaranteed $232,500.
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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Irwin Union Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Attracting Investors
Good Banks for Small Business in Columbus, Indiana
Getting an SBA Loan in Indiana