Financing for Wood Television, Radio, and Sewing Machine Cabinet Manufacturing

Looking for loans for wood television, radio, and sewing machine cabinet manufacturing? An SBA loan may be just what you've been looking for. This $416,000 wood television, radio, and sewing machine cabinet manufacturing loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Finlayson, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Landmark Commun Bank, based in Ramsey, Minnesota.

SBA Loan Borrower

COMPANY TYPE: WOOD TELEVISION, RADIO, AND SEWING MACHINE CABINET MANUFACTURING
FINLAYSON, MN 55735

SBA Loan Lender

LANDMARK COMMUN BANK
14150 ST FRANCIS BLVD NW
RAMSEY, MN 55303

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337129 - Wood Television, Radio, and Sewing Machine Cabinet Manufacturing

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$416,000

Loan Approval from the SBA

Of the total $416,000 loan amount, the SBA guaranteed $312,000.

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 10 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Landmark Commun Bank and they will explain how you can get an SBA loan for your company.

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.

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