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November 21, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Chemical Product And Preparation Manufacturing Loan | ||||
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I Need an SBA Loan in Spring Park, Minnesota
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Borrowing Money for Chemical Product and Preparation ManufacturingLooking for bank loans for chemical product and preparation manufacturing? An SBA loan may be just what you've been looking for. This $150,000 chemical product and preparation manufacturing loan was issued by a Minnesota bank. This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Associated Bank, out of Minneapolis, Minnesota. The loan was granted and they received $150,000 to help grow their Spring Park, Minnesota business. SBA Loan Borrower COMPANY TYPE: CHEMICAL PRODUCT AND PREPARATION MANUFACTURING SBA Loan Lender ASSOCIATED 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 325998 - Chemical Product and Preparation Manufacturing Loan Approval Date 3/13/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Associated Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Good Banks for Small Business in Minneapolis, Minnesota
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