New Housing Operative Builders Commercial Loans

With these commercial loans for new housing operative builders, the SBA guarantees the lender that the loan will be repaid. This new housing operative builders loan for $270,000 was given to a Michigan entrepreneur in 2007.

Getting a small business loan in Whitehall, Michigan was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank, operating out of Holland, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: NEW HOUSING OPERATIVE BUILDERS
WHITEHALL, MI 49461

SBA Loan Lender

CITIZENS BANK
100 E EIGHTH ST, STE 100
HOLLAND, MI 49423

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236117 - New Housing Operative Builders

Loan Approval Date

5/7/2007

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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:

Getting a Small Business Loan

Good Banks for Small Business in Holland, Michigan

Michigan SBA Banks