Veteran Launch, a program of Main Street Launch, offers SBA Community Advantage small business loans to both start-up and existing companies ranging from $25,000 to $250,000.
- Variable interest rate – Prime plus 4% (Currently 8.25%)
- Up to 10 year term with no prepayment penalties
- Loan funds can be used for:
- Furniture, fixtures, and equipment
- Working capital
- Business debt refinancing
- Business acquisition for both start-up and existing companies
OUR LENDING TEAM
Mike McGrane is the Statewide Lending Director of Veteran Launch. His duties are mainly as a Business Development Officer and Underwriter. Mike works with small business owners or their spouse who are U.S. Veterans to help choose the best type of financing for their growing business. He has extensive experience understanding comprehensive business goals and solutions needed to assist in business lending. Mike has earned the trust and respect of his clients over his 26-year career in the banking and credit industry. His wealth of knowledge allows him to provide the superb personal service and financial perspective upon which or veterans deserve.
Prior to joining Veteran Launch, Mike was a Business Development Officer at various Sacramento area banks including North Valley Bank and Wells Fargo Bank/Wachovia for over 26 years, where he specialized in Small Business Administration (SBA) Guaranteed Loans. He has been in the SBA industry for more than 20 years. Mike had been named to the Wachovia President’s Club for four consecutive years. Mike earned his MBA from the University of Phoenix and his undergraduate Bachelor’s Degree in Finance from Iowa State University. He served six years in the U.S. Air Force and three years in the Air Force reserve.
Mike participates in ACRE – Association of Commercial Real Estate, CABB- California Association of Business Brokers, The American Legion and several other industry related organizations. He feels blessed to have a loving wife and four children. His hobbies are golf, tennis, skiing, softball and stock option investing.