Commercial Loans for Framing Contractors

Looking for commercial loans for framing contractors? Try the SBA. This $15,000 framing contractors loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Elgin, Minnesota was able to borrow $15,000 from Peoples St. Bank - Plainview. The SBA made the loan possible by guaranteeing $7,500 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: FRAMING CONTRACTORS
ELGIN, MN 55932

SBA Loan Lender

PEOPLES ST. BANK - PLAINVIEW
100 4TH AVE SE STE 6
PLAINVIEW, MN 55964

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238130 - Framing Contractors

Loan Approval Date

1/28/2005

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help create 2 new jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Peoples St. Bank - Plainview so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

How to Raise Money

Best Plainview, Minnesota Banks for Small Business

Getting an SBA Loan in Minnesota