Engineering Services Small Business Loans

With these small business loans for engineering services, the SBA guarantees the lender that the loan will be repaid. This engineering services loan for $35,000 was given to a Minnesota entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in St Paul Park, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Tcf National Bank, based in Edina, Minnesota.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
ST PAUL PARK, MN 55071

SBA Loan Lender

TCF NATIONAL BANK
3330 W 66TH ST
EDINA, MN 55435

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

3/3/2004

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Tcf National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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