Raising Money for Welding and Soldering Equipment Manufacturing

Looking for bank loans for welding and soldering equipment manufacturing? An SBA loan may be just what you've been looking for. This $188,500 welding and soldering equipment manufacturing loan was issued by a North Dakota bank.

Getting a small business loan in Grand Forks, North Dakota was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bremer Bank, operating out of Grand Forks, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: WELDING AND SOLDERING EQUIPMENT MANUFACTURING
GRAND FORKS, ND 58203

SBA Loan Lender

BREMER BANK
3100 S COLUMBIA RD
GRAND FORKS, ND 58201

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

333992 - Welding and Soldering Equipment Manufacturing

Loan Approval Date

7/26/2007

Loan Approval Gross Amount

$188,500

Loan Approval from the SBA

Of the total $188,500 loan amount, the SBA guaranteed $94,250.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Role of Business Plan When Raising Money

Small Bank Loans in Grand Forks, North Dakota

Getting a Business Loan in North Dakota