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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Edina, Business Loans > Fidelity Bank Edina Business Loans > Adhesive Manufacturing Loan | ||||
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Small Business Loans from Fidelity Bank
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Fidelity Bank SBA Loan to Adhesive Manufacturing CompanyFidelity Bank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Golden Valley, Minnesota was able to borrow $262,500 from Fidelity Bank. The SBA made the loan possible by guaranteeing $196,875 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: ADHESIVE MANUFACTURING SBA Loan Lender FIDELITY BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325520 - Adhesive Manufacturing Loan Approval Date 6/21/2005 Loan Approval Gross Amount $262,500 Loan Approval from the SBA Of the total $262,500 loan amount, the SBA guaranteed $196,875. 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 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $262,500. How would you spend $262,500 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: Banking Deregulation's Effects on Entrepreneurship SBA Approved Banks in Edina, Minnesota
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