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December 19, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Cokato, Minnesota and We Got One!

 

 
Loan Census SBA Loan Info

Raising Money for Drywall and Insulation Contractors

Looking for business loans for drywall and insulation contractors? Talk to a banker who works with the SBA. This $150,000 drywall and insulation contractors loan was issued by a Minnesota bank.

This business knew how to go about getting a business bank loan. Based in Cokato, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was State Bank Of Cokato, based in Cokato, Minnesota.

SBA Loan Borrower

COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS
COKATO, MN 55321

SBA Loan Lender

STATE BANK OF COKATO
101 E 3RD ST
COKATO, MN 55321

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238310 - Drywall and Insulation Contractors

Loan Approval Date

12/16/2004

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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 16 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 16 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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