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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Deerwood, Business Loans > 1st National Bank - Deerwood Deerwood Business Loans > Sheet Metal Work Manufacturing Loan | ||||
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Raising Money in Cambridge, Minnesota With SBA Loans
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Financing for Sheet Metal Work ManufacturingLooking for commercial loans for sheet metal work manufacturing? An SBA loan may be just what you've been looking for. This $100,000 sheet metal work manufacturing loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cambridge, Minnesota was able to borrow $100,000 from 1st National Bank - Deerwood. The SBA made the loan possible by guaranteeing $50,000 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: SHEET METAL WORK MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK - DEERWOOD This lender processed this commercial 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 332322 - Sheet Metal Work Manufacturing Loan Approval Date 7/3/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank - Deerwood and they will explain how you can get an SBA loan for your company. 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: The Friends and Family Network Who Lends Money to Small Businesses in Deerwood, Minnesota
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