Financing for Leather and Hide Tanning and Finishing

With these commercial loans for leather and hide tanning and finishing, the SBA guarantees the lender that the loan will be repaid. This leather and hide tanning and finishing loan for $10,000 was given to a Minnesota entrepreneur in 2005.

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

SBA Loan Borrower

COMPANY TYPE: LEATHER AND HIDE TANNING AND FINISHING
VESTA, MN 56292

SBA Loan Lender

STATE BANK OF LUCAN
106 MAIN ST
LUCAN, MN 56255

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

316110 - Leather and Hide Tanning and Finishing

Loan Approval Date

2/28/2005

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

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Banks in Lucan, Minnesota

Minnesota SBA Bank Lenders