Commercial Loans for Mechanical Power Transmission Equipment Manufacturing

Looking for commercial loans for mechanical power transmission equipment manufacturing? An SBA loan may be just what you've been looking for. This $150,000 mechanical power transmission equipment manufacturing loan was issued by a Minnesota bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Wells Fargo Bank, out of Minneapolis, Minnesota. The loan was granted and they received $150,000 to help grow their Bradenton, Florida business.

SBA Loan Borrower

COMPANY TYPE: MECHANICAL POWER TRANSMISSION EQUIPMENT MANUFACTURING
BRADENTON, FL 34202

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

333613 - Mechanical Power Transmission Equipment Manufacturing

Loan Approval Date

2/11/2002

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 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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Bradenton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Minneapolis, Minnesota

Minnesota SBA 7A Lenders