Borrowing Money for Motorcycle, Bicycle, and Parts Manufacturing

Looking for loans for motorcycle, bicycle, and parts manufacturing? Talk to a banker who works with the SBA. This $100,000 motorcycle, bicycle, and parts manufacturing loan was issued by a Minnesota bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bremer Bank, out of Saint Louis Park, Minnesota. The loan was granted and they received $100,000 to help grow their Lakeville, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE, BICYCLE, AND PARTS MANUFACTURING
LAKEVILLE, MN 55044

SBA Loan Lender

BREMER BANK
8800 HWY 7
SAINT LOUIS PARK, MN 55426

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336991 - Motorcycle, Bicycle, and Parts Manufacturing

Loan Approval Date

1/2/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Lakeville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

SBA 7A Banks in Saint Louis Park, Minnesota

Minnesota SBA 7A Lenders