Clinton Township, Michigan Bank Lends Money to Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Company in Warren, Michigan

Get business loans from a Clinton Township, Michigan bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Macomb Community Bank is a Clinton Township, Michigan small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Michigan company.

SBA Loan Borrower

COMPANY TYPE: SPEED CHANGER, INDUSTRIAL HIGH-SPEED DRIVE, AND GEAR MANUFACTURING
WARREN, MI 48089

SBA Loan Lender

MACOMB COMMUNITY BANK
16000 HALL RD, STE 102
CLINTON TOWNSHIP, MI 48038

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333612 - Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing

Loan Approval Date

3/30/2005

Loan Approval Gross Amount

$1,337,000

Loan Approval from the SBA

Of the total $1,337,000 loan amount, the SBA guaranteed $1,002,750.

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 18 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 18 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Macomb Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Macomb Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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