Loans for Measuring and Controlling Device Manufacturing

Looking for loans for measuring and controlling device manufacturing? Talk to a banker who works with the SBA. This $500,000 measuring and controlling device manufacturing loan was issued by a North Dakota bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bremer Bank, out of Grand Forks, North Dakota. The loan was granted and they received $500,000 to help grow their East Grand Forks, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: MEASURING AND CONTROLLING DEVICES
EAST GRAND FORKS, MN 56721

SBA Loan Lender

BREMER BANK
3100 S COLUMBIA RD
GRAND FORKS, ND 58201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3829 - Measuring and Controlling Devices

NAICS Code

334519 - Measuring and Controlling Device Manufacturing

Loan Approval Date

10/10/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 80 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $500,000. How would you spend $500,000 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:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in Grand Forks, North Dakota

SBA Participating Banks in North Dakota