Get an SBA Loan for Manufactured Home Dealers

With these bank loans for manufactured home dealers, the SBA guarantees the lender that the loan will be repaid. This manufactured home dealers loan for $135,995 was given to a Minnesota entrepreneur in 2001.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Republic Bank, Inc., out of Duluth, Minnesota. The loan was granted and they received $135,995 to help grow their Duluth, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: MOBILE HOME DEALERS
DULUTH, MN 55811

SBA Loan Lender

REPUBLIC BANK, INC.
306 W SUPERIOR ST
DULUTH, MN 55802

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5271 - Mobile Home Dealers

NAICS Code

453930 - Manufactured Home Dealers

Loan Approval Date

4/17/2001

Loan Approval Gross Amount

$135,995

Loan Approval from the SBA

Of the total $135,995 loan amount, the SBA guaranteed $115,595.

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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $135,995. How would you spend $135,995 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Duluth, Minnesota

Getting a Business Loan in Minnesota