Plumbing, Heating, and Air Conditioning Contractors Loans

Looking for loans for plumbing, heating, and air conditioning contractors? Talk to a banker who works with the SBA. This $30,000 plumbing, heating, and air conditioning contractors loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Wells, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Peoples State Bank Of Wells, based in Wells, Minnesota.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
WELLS, MN 56097

SBA Loan Lender

PEOPLES STATE BANK OF WELLS
98 3RD ST SE
WELLS, MN 56097

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1711 - Plumbing, Heating, and Air-Conditioning

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

7/27/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $24,000.

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 did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Wells MN, you ought to talk with a local Wells SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wells businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

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