Raising Money for Specialty Trade Contractors

Looking for bank loans for specialty trade contractors? An SBA loan may be just what you've been looking for. This $1,065,000 specialty trade contractors loan was issued by a Michigan bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Brighton Commerce Bank, out of Brighton, Michigan. The loan was granted and they received $1,065,000 to help grow their Whitmore Lake, Michigan business.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
WHITMORE LAKE, MI 48189

SBA Loan Lender

BRIGHTON COMMERCE BANK
8700 N SECOND ST
BRIGHTON, MI 48116

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

238990 - Specialty Trade Contractors

Loan Approval Date

5/18/2007

Loan Approval Gross Amount

$1,065,000

Loan Approval from the SBA

Of the total $1,065,000 loan amount, the SBA guaranteed $798,750.

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.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Brighton Commerce Bank 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.

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