Minneapolis, Minnesota Bank Lends Money to Packaging And Labeling Services Company in Maple Grove, Minnesota

Thinking about meeting with a Minneapolis, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Minneapolis bank, that was approved by the SBA.

Applying for an SBA loan with Private Bank Minnesota worked out well for our friends at one local firm in Maple Grove, Minnesota. They received an SBA loan for $1,305,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: PACKAGING AND LABELING SERVICES
MAPLE GROVE, MN 55369

SBA Loan Lender

PRIVATE BANK MINNESOTA
222 S NINTH ST, STE 3800
MINNEAPOLIS, MN 55402

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561910 - Packaging and Labeling Services

Loan Approval Date

1/9/2003

Loan Approval Gross Amount

$1,305,000

Loan Approval from the SBA

Of the total $1,305,000 loan amount, the SBA guaranteed $978,750.

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 41 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $1,305,000. How would you spend $1,305,000 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.

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