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November 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Sturgis, Business Loans > Sturgis Bank & Trust Company Sturgis Business Loans > Full-Service Restaurants Loan | ||||
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Michigan SBA Banks
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Sturgis, Michigan Bank Lends Money to Full-Service Restaurants Company in White Pigeon, MichiganThinking about meeting with a Sturgis, Michigan bank about an SBA loan? Here's one Michigan business loan, issued by a Sturgis bank, that was approved by the SBA. Applying for an SBA loan with Sturgis Bank & Trust Company worked out well for our friends at one local company in White Pigeon, Michigan. They received an SBA loan for $240,000. Great job! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender STURGIS BANK & TRUST COMPANY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/3/2007 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $120,000. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start business in White Pigeon MI, you ought to talk with a local White Pigeon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to White Pigeon businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sturgis Bank & Trust Company and they will explain how you can get an SBA loan for your company. 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 7A Banks for Sturgis, Michigan Loans
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