Aluminum Die-Casting Foundries SBA Loans

Looking for SBA loans for aluminum die-casting foundries? Try the SBA. This $1,000,000 aluminum die-casting foundries loan was issued by a Wisconsin bank.

Getting a small business loan in Stockton, Minnesota was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from State Bank Financial, operating out of La Crosse, Wisconsin. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM DIE-CASTING FOUNDRIES
STOCKTON, MN 55988

SBA Loan Lender

STATE BANK FINANCIAL
401 MAIN ST
LA CROSSE, WI 54601

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331521 - Aluminum Die-Casting Foundries

Loan Approval Date

10/17/2005

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 60 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Startup Funding Tip

SBA 7A Banks in La Crosse, Wisconsin

Wisconsin SBA Bank Lenders