Get an SBA Loan for Costume Jewelry and Novelty Manufacturing

With these small business loans for costume jewelry and novelty manufacturing, the SBA guarantees the lender that the loan will be repaid. This costume jewelry and novelty manufacturing loan for $315,000 was given to a Minnesota entrepreneur in 2001.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Highland Bank, out of Saint Paul, Minnesota. The loan was granted and they received $315,000 to help grow their Saint Paul, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: COSTUME JEWELRY AND NOVELTY MANUFACTURING
SAINT PAUL, MN 55116

SBA Loan Lender

HIGHLAND BANK
2100 FORD PKWY
SAINT PAUL, MN 55116

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339914 - Costume Jewelry and Novelty Manufacturing

Loan Approval Date

7/16/2001

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 41 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $315,000 loan. Remember, feel the fear, and do it anyway.

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.

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SBA 7A Banks for Saint Paul, Minnesota Loans

SBA Lenders in Minnesota