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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Roseville, Business Loans > North American Banking Company Roseville Business Loans > Sheet Metal Work Loan | ||||
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Banks Doing SBA Loans in Minnesota
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Roseville, Minnesota Lender Lends Money to Sheet Metal Work CompanyThinking about meeting with a Roseville, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Roseville bank, that was approved by the SBA. Applying for an SBA loan with North American Banking Company worked out well for our friends at one local business in Roseville, Minnesota. They received an SBA loan for $100,000. Great job! SBA Loan Borrower COMPANY TYPE: SHEET METAL WORK SBA Loan Lender NORTH AMERICAN BANKING COMPANY This lender issued this particular commercial loan 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 3444 - Sheet Metal Work NAICS Code 332322 - Sheet Metal Work Manufacturing Loan Approval Date 6/27/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 4 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Determining Proper Capital Structure for a Business SBA Banks in Roseville, Minnesota
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