Loans for Machine Tool Manufacturing

Looking for loans for machine tool manufacturing? Talk to a banker who works with the SBA. This $159,500 machine tool manufacturing loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in West St. Paul, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bankcherokee, based in Saint Paul, Minnesota.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOL MANUFACTURING
WEST ST. PAUL, MN 55118

SBA Loan Lender

BANKCHEROKEE
607 S SMITH AVE
SAINT PAUL, MN 55107

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333512 - Machine Tool Manufacturing

Loan Approval Date

7/26/2005

Loan Approval Gross Amount

$159,500

Loan Approval from the SBA

Of the total $159,500 loan amount, the SBA guaranteed $119,625.

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 16 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Debt Financing

Who Lends Money to Small Businesses in Saint Paul, Minnesota

Where to Get an SBA Loan Minnesota