Getting an SBA Loan for Specialty Trade Contractors

Looking for SBA loans for specialty trade contractors? The SBA may be the answer. This $100,000 specialty trade contractors loan was issued by a Minnesota bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Landmark Commun Bank, out of Isanti, Minnesota. The loan was granted and they received $100,000 to help grow their White Bear Lake, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
WHITE BEAR LAKE, MN 55110

SBA Loan Lender

LANDMARK COMMUN BANK
29 W MAIN ST
ISANTI, MN 55040

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

238990 - Specialty Trade Contractors

Loan Approval Date

7/14/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help create 5 new jobs.

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:

Obtaining Funding From a Venture Capitalist

Small Business Banks in Isanti, Minnesota

SBA Participating Banks in Minnesota