Where to Get Capital for Fabricated Structural Metal Manufacturing

Looking for SBA loans for fabricated structural metal manufacturing? An SBA loan may be just what you've been looking for. This $150,000 fabricated structural metal manufacturing loan was issued by a Minnesota bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Community National Bank, out of North Branch, Minnesota. The loan was granted and they received $150,000 to help grow their Blaine, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING
BLAINE, MN 55434

SBA Loan Lender

COMMUNITY NATIONAL BANK
5481 ST. CROIX TRL
NORTH BRANCH, MN 55056

This lender processed this SBA 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

332312 - Fabricated Structural Metal Manufacturing

Loan Approval Date

11/14/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Blaine MN, you ought to talk with a local Blaine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Blaine businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Angel Investors

SBA Participating Banks in North Branch, Minnesota

Getting an SBA Loan in Minnesota