Superior, Wisconsin Bank Gives SBA Loan to Metal Service Centers And Offices Company

A Superior, Wisconsin small business loan can be yours. Learn how a business got a $250,000 business loan from this Wisconsin bank.

This loan to a local firm is a good example of an SBA loan. National Bank Of Commerce made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: METAL SERVICE CENTERS AND OFFICES
DULUTH, MN 55806

SBA Loan Lender

NATIONAL BANK OF COMMERCE
1127 TOWER AVE
SUPERIOR, WI 54880

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421510 - Metal Service Centers and Offices

Loan Approval Date

9/26/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 8 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like National Bank Of Commerce 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:

Choosing VC Firms

SBA Banks in Superior, Wisconsin

Getting a Business Loan in Wisconsin