Getting an SBA Loan for Electromedical and Electrotherapeutic Apparatus Manufacturing

With these SBA loans for electromedical and electrotherapeutic apparatus manufacturing, the SBA guarantees the lender that the loan will be repaid. This electromedical and electrotherapeutic apparatus manufacturing loan for $750,000 was given to a Minnesota entrepreneur in 2006.

Getting a small business loan in Brooklyn Park, Minnesota was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Venture Bank, operating out of Golden Valley, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTROMEDICAL AND ELECTROTHERAPEUTIC APPARATUS MANUFACTURING
BROOKLYN PARK, MN 55445

SBA Loan Lender

VENTURE BANK
5500 WAYZATA BLVD, STE 140
GOLDEN VALLEY, MN 55416

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334510 - Electromedical and Electrotherapeutic Apparatus Manufacturing

Loan Approval Date

8/28/2006

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $675,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 110 employees. The SBA loan documents indicated that the loan would help retain 110 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Venture Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Dealing With Venture Capitalists

Banks in Golden Valley, Minnesota

Getting an SBA Loan in Minnesota