How to Get a Loan for Hardware Manufacturing

With these business loans for hardware manufacturing, the SBA guarantees the lender that the loan will be repaid. This hardware manufacturing loan for $1,200,000 was given to a Minnesota entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dasssel, Minnesota was able to borrow $1,200,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $900,000 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE MANUFACTURING
DASSSEL, MN 55325

SBA Loan Lender

WELLS FARGO BANK
135 MAIN ST NORTH
HUTCHINSON, MN 55350

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332510 - Hardware Manufacturing

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 27 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Dasssel MN, you ought to talk with a local Dasssel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dasssel businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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