Getting an SBA Loan for Metal Service Centers and Offices

Looking for commercial loans for metal service centers and offices? An SBA loan may be just what you've been looking for. This $815,000 metal service centers and offices loan was issued by a Minnesota bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Voyager Bank, out of Eden Prairie, Minnesota. The loan was granted and they received $815,000 to help grow their Rosemount, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: METAL SERVICE CENTERS AND OFFICES
ROSEMOUNT, MN 55068

SBA Loan Lender

VOYAGER BANK
775 PRAIRIE CENTER DR
EDEN PRAIRIE, MN 55344

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421510 - Metal Service Centers and Offices

Loan Approval Date

1/9/2003

Loan Approval Gross Amount

$815,000

Loan Approval from the SBA

Of the total $815,000 loan amount, the SBA guaranteed $611,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels 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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $815,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Eden Prairie, Minnesota

Browse All Business Loan Sources for Minnesota