Huron Community Bank SBA Loan to Natural, Processed, And Imitation Cheese Company

An SBA loan from Huron Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Turner, Michigan business owner got a $150,000 loan.

Getting a small business loan in Turner, Michigan was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Huron Community Bank, operating out of East Tawas, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: NATURAL, PROCESSED, AND IMITATION CHEESE
TURNER, MI 48765

SBA Loan Lender

HURON COMMUNITY BANK
301 N NEWMAN
EAST TAWAS, MI 48730

This lender issued this particular small business 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.

SIC Code

2022 - Natural, Processed, and Imitation Cheese

NAICS Code

311513 - Cheese Manufacturing

Loan Approval Date

8/21/2002

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Turner MI, you ought to talk with a local Turner SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Turner businesses.

We can help you find the best banks for small businesses in Turner 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:

Startup Funding Tip

Where to Get an SBA Loan in East Tawas, Michigan

SBA Lenders in Michigan