Small Business Loans for Finish Carpentry Contractors

With these small business loans for finish carpentry contractors, the SBA guarantees the lender that the loan will be repaid. This finish carpentry contractors loan for $60,000 was given to a Minnesota entrepreneur in 2006.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Mainstreet Bank, out of Forest Lake, Minnesota. The loan was granted and they received $60,000 to help grow their Forest Lake, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: FINISH CARPENTRY CONTRACTORS
FOREST LAKE, MN 55025

SBA Loan Lender

MAINSTREET BANK
1650 S LAKE ST
FOREST LAKE, MN 55025

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238350 - Finish Carpentry Contractors

Loan Approval Date

12/11/2006

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Small Business Credit Cards

SBA Banks in Forest Lake, Minnesota

Getting an SBA Loan in Minnesota