Magnetic and Optical Recording Media Manufacturing Business Loans

Looking for business loans for magnetic and optical recording media manufacturing? Try the SBA. This $1,572,500 magnetic and optical recording media manufacturing loan was issued by a Minnesota bank.

Getting a small business loan in Fridley, Minnesota was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Great Northern Bank, operating out of Saint Michael, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: MAGNETIC AND OPTICAL RECORDING MEDIA MANUFACTURING
FRIDLEY, MN 55432

SBA Loan Lender

GREAT NORTHERN BANK
12725 43RD ST NE
SAINT MICHAEL, MN 55376

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334613 - Magnetic and Optical Recording Media Manufacturing

Loan Approval Date

6/7/2005

Loan Approval Gross Amount

$1,572,500

Loan Approval from the SBA

Of the total $1,572,500 loan amount, the SBA guaranteed $1,179,375.

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 12 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Microlending as a Small Business Funding Source

Small Bank Loans in Saint Michael, Minnesota

SBA Lenders in Minnesota