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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Brainerd, Business Loans > Peoples National Bank Of Mora Brainerd Business Loans > Industrial And Commercial Machinery And Equipment Loan | ||||
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SBA Lenders for Nisswa, Minnesota Small Businesses
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Financing for Fabricated Metal Product ManufacturingLooking for commercial loans for fabricated metal product manufacturing? An SBA loan may be just what you've been looking for. This $148,000 fabricated metal product manufacturing loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nisswa, Minnesota was able to borrow $148,000 from Peoples National Bank Of Mora. The SBA made the loan possible by guaranteeing $125,800 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT SBA Loan Lender PEOPLES NATIONAL BANK OF MORA This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3599 - Industrial and Commercial Machinery and Equipment NAICS Code 332999 - Fabricated Metal Product Manufacturing Loan Approval Date 9/30/2002 Loan Approval Gross Amount $148,000 Loan Approval from the SBA Of the total $148,000 loan amount, the SBA guaranteed $125,800. 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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Peoples National Bank Of Mora 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: SBA Banks in Brainerd, Minnesota
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