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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Minnetonka, Business Loans > The Business Bank Minnetonka Business Loans > Metal Heat Treating Loan | ||||
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Minnetonka Bank Loan
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Minnetonka, Minnesota Lender Lends Money to Metal Heat Treating CompanyGet SBA loans from a Minnetonka, Minnesota bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. The Business Bank is a Minnetonka, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Wisconsin company. SBA Loan Borrower COMPANY TYPE: METAL HEAT TREATING SBA Loan Lender THE BUSINESS BANK This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 332811 - Metal Heat Treating Loan Approval Date 2/9/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $150,000. 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 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs. 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Business Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family SBA 7A Lenders in Minnetonka, Minnesota
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