Borrowing Money for Plumbing, Heating, and Air-Conditioning Contractors

Looking for small business loans for plumbing, heating, and air-conditioning contractors? Talk to a banker who works with the SBA. This $435,500 plumbing, heating, and air-conditioning contractors loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Bemidji, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Security Bank Usa, based in Bemidji, Minnesota.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS
BEMIDJI, MN 56601

SBA Loan Lender

SECURITY BANK USA
1025 PAUL BUNYAN DR NW
BEMIDJI, MN 56601

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

8/2/2006

Loan Approval Gross Amount

$435,500

Loan Approval from the SBA

Of the total $435,500 loan amount, the SBA guaranteed $326,625.

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 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Alternative Financing

Where to Get an SBA Loan in Bemidji, Minnesota

Minnesota SBA 7A Lenders