Get an SBA Loan for Plumbing Fixtures, China and Earthenware Bathroom Accessories

Looking for small business loans for plumbing fixtures, china and earthenware bathroom accessories? Try the SBA. This $16,000 plumbing fixtures, china and earthenware bathroom accessories loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tracy, Minnesota was able to borrow $16,000 from State Bank Of Lucan. The SBA made the loan possible by guaranteeing $8,000 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING FIXTURES, CHINA AND EARTHENWARE BATHROOM ACCESSORIES
TRACY, MN 56175

SBA Loan Lender

STATE BANK OF LUCAN
106 MAIN ST
LUCAN, MN 56255

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

327111 - Plumbing Fixtures, China and Earthenware Bathroom Accessories

Loan Approval Date

8/19/2005

Loan Approval Gross Amount

$16,000

Loan Approval from the SBA

Of the total $16,000 loan amount, the SBA guaranteed $8,000.

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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like State Bank Of Lucan that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

SBIR Funding

Where to Get an SBA Loan in Lucan, Minnesota

Find an SBA Lender in Minnesota