Redwood Falls, Minnesota Lender Lends Money to Millwork Company

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

Applying for an SBA loan with Minnwest Bank, M.V. worked out well for our friends at one local firm in Redwood Falls, Minnesota. They got an SBA loan for $375,000. Great job!

SBA Loan Borrower

COMPANY TYPE: MILLWORK
REDWOOD FALLS, MN 56283

SBA Loan Lender

MINNWEST BANK, M.V.
1275 E BRIDGE ST
REDWOOD FALLS, MN 56283

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321918 - Millwork

Loan Approval Date

12/17/2001

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

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 29 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Redwood Falls MN, you ought to talk with a local Redwood Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redwood Falls businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Minnwest Bank, M.V. and they will explain how you can get an SBA loan for your company.

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:

Business Line of Credit

Small Bank Loans in Redwood Falls, Minnesota

Minnesota SBA Bank Lenders