Zeeland, Michigan Business Gets SBA-Guaranteed Funding from Paragon Bank & Trust

An SBA loan from Paragon Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Zeeland, Michigan business owner got a $243,000 loan.

Getting a small business loan in Zeeland, Michigan was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Paragon Bank & Trust, operating out of Holland, Michigan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL CONTAINER MANUFACTURING
ZEELAND, MI 49464

SBA Loan Lender

PARAGON BANK & TRUST
240 E 8TH ST
HOLLAND, MI 49423

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial 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

332439 - Metal Container Manufacturing

Loan Approval Date

3/19/2004

Loan Approval Gross Amount

$243,000

Loan Approval from the SBA

Of the total $243,000 loan amount, the SBA guaranteed $182,250.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 10 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Paragon Bank & Trust 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:

Debt Financing

Who Lends Money to Small Businesses in Holland, Michigan

SBA Participating Banks in Michigan