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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Glass Product Manufacturing Made Of Purchased Glass Loan | ||||
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Raising Money in Hopkin, Minnesota With SBA Loans
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Glass Product Manufacturing Made of Purchased Glass LoansWith these loans for glass product manufacturing made of purchased glass, the SBA guarantees the lender that the loan will be repaid. This glass product manufacturing made of purchased glass loan for $150,000 was given to a Minnesota entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hopkin, Minnesota was able to borrow $150,000 from Capital One. The SBA made the loan possible by guaranteeing $127,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: GLASS PRODUCT MANUFACTURING MADE OF PURCHASED GLASS SBA Loan Lender CAPITAL ONE This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327215 - Glass Product Manufacturing Made of Purchased Glass Loan Approval Date 10/30/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital One are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Borrowing Money from Friends and Family SBA 7A Lenders in Mclean, Virginia
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