Corrugated and Solid Fiber Box Manufacturing Loans
With these loans for corrugated and solid fiber box manufacturing, the SBA guarantees the lender that the loan will be repaid. This corrugated and solid fiber box manufacturing loan for $175,000 was given to a Minnesota entrepreneur in 2003.
This company knew how to go about getting a business bank loan. Based in Ramsey, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Landmark Commun Bank, based in Isanti, Minnesota.
SBA Loan Borrower
COMPANY TYPE: CORRUGATED AND SOLID FIBER BOX MANUFACTURING
RAMSEY, MN 55303
SBA Loan Lender
LANDMARK COMMUN BANK
29 W MAIN ST
ISANTI, MN 55040
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
322211 - Corrugated and Solid Fiber Box Manufacturing
Loan Approval Date
4/17/2003
Loan Approval Gross Amount
$175,000
Loan Approval from the SBA
Of the total $175,000 loan amount, the SBA guaranteed $87,500.
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 25 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.
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.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
The Art of Bootstrapping
Small Bank Loans in Isanti, Minnesota
SBA Lenders in Minnesota