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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Kasson, Business Loans > Eastwood Bank Kasson Business Loans > Semiconductor Machinery Manufacturing Loan | ||||
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Cannon Falls, Minnesota Bank Loan
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Semiconductor Machinery Manufacturing SBA LoansLooking for SBA loans for semiconductor machinery manufacturing? An SBA loan may be just what you've been looking for. This $250,000 semiconductor machinery manufacturing loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cannon Falls, Minnesota was able to borrow $250,000 from Eastwood Bank. The SBA made the loan possible by guaranteeing $125,000 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: SEMICONDUCTOR MACHINERY MANUFACTURING SBA Loan Lender EASTWOOD BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 333295 - Semiconductor Machinery Manufacturing Loan Approval Date 10/19/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Kasson, Minnesota
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