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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Isanti, Business Loans > Landmark Commun Bank Isanti Business Loans > Wood Kitchen Cabinet And Countertop Manufacturing Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Borrowing Money for Wood Kitchen Cabinet and Countertop ManufacturingLooking for small business loans for wood kitchen cabinet and countertop manufacturing? Try the SBA. This $175,000 wood kitchen cabinet and countertop manufacturing loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ramsey, Minnesota was able to borrow $175,000 from Landmark Commun Bank. The SBA made the loan possible by guaranteeing $87,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING SBA Loan Lender LANDMARK COMMUN BANK 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 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 5/7/2004 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 48 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 48 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Ramsey 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: Small Business Banks in Isanti, Minnesota
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