How to Get a Loan for Plumbing and Heating Equipment and Supplies Merchant Wholesaler

Looking for business loans for plumbing and heating equipment and supplies merchant wholesaler? An SBA loan may be just what you've been looking for. This $560,000 plumbing and heating equipment and supplies merchant wholesaler loan was issued by a Minnesota bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with St. Stephen State Bank, out of Saint Stephen, Minnesota. The loan was granted and they received $560,000 to help grow their Bloomington, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER
BLOOMINGTON, MN 55420

SBA Loan Lender

ST. STEPHEN STATE BANK
2 CENTRAL AVE SOUTH
SAINT STEPHEN, MN 56375

This lender issued this loan 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

423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler

Loan Approval Date

11/16/2007

Loan Approval Gross Amount

$560,000

Loan Approval from the SBA

Of the total $560,000 loan amount, the SBA guaranteed $420,000.

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. This SBA loan request indicated that the loan would help retain 5 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $560,000 loan. Remember, if it to be, it is up to me!

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:

Borrowing Money from Friends and Family

SBA 7A Banks for Saint Stephen, Minnesota Loans

Find an SBA Lender in Minnesota