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November 14, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Lasalle Bank Midwest Lansing Business Loans > Water And Sewer Line And Related Structures Construction Loan | ||||
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Lasalle Bank Midwest
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Lasalle Bank Midwest SBA Loan to Water And Sewer Line And Related Structures Construction CompanyAn SBA loan from Lasalle Bank Midwest typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Zeeland, Michigan business owner got a $100,000 loan. Getting a small business loan in Zeeland, Michigan was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Lasalle Bank Midwest, operating out of Lansing, Michigan. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: WATER AND SEWER LINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender LASALLE BANK MIDWEST This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 237110 - Water and Sewer Line and Related Structures Construction Loan Approval Date 7/5/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 7 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lasalle Bank Midwest had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lasalle Bank Midwest 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. Related Links: How Much Venture Capital Is There? Small Business Banks in Lansing, Michigan
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