SBA Loans for Industrial Process Furnace and Oven Manufacturing

With these SBA loans for industrial process furnace and oven manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial process furnace and oven manufacturing loan for $306,100 was given to a Minnesota entrepreneur in 2003.

Getting a small business loan in Mendota Heights, Minnesota was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Kleinbank, operating out of Big Lake, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PROCESS FURNACE AND OVEN MANUFACTURING
MENDOTA HEIGHTS, MN 55120

SBA Loan Lender

KLEINBANK
611 ROSE DR
BIG LAKE, MN 55318

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333994 - Industrial Process Furnace and Oven Manufacturing

Loan Approval Date

11/5/2003

Loan Approval Gross Amount

$306,100

Loan Approval from the SBA

Of the total $306,100 loan amount, the SBA guaranteed $229,575.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Kleinbank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Getting a Small Business Loan

Small Business Banks in Big Lake, Minnesota

Getting a Business Loan in Minnesota