SBA Loan from Minnwest Bank Metro Helps Thread Mills Company

An SBA loan from Minnwest Bank Metro typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Eagan, Minnesota business owner got a $25,000 loan.

Getting a small business loan in Eagan, Minnesota was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Minnwest Bank Metro, operating out of Eagan, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: THREAD MILLS
EAGAN, MN 55123

SBA Loan Lender

MINNWEST BANK METRO
1150 YANKEE DOODLE RD
EAGAN, MN 55123

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2284 - Thread Mills

Loan Approval Date

8/21/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $20,000.

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. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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

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SBA Banks in Eagan, Minnesota

SBA Participating Banks in Minnesota