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November 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Fairmont, Business Loans > First Farmers & Merchants Natl Fairmont Business Loans > Farm Machinery And Equipment Manufacturing Loan | ||||
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SBA Lenders for Winnebago Small Businesses
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How to Get a Loan for Farm Machinery and Equipment ManufacturingLooking for business loans for farm machinery and equipment manufacturing? Try the SBA. This $150,000 farm machinery and equipment manufacturing loan was issued by a Minnesota bank. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Farmers & Merchants Natl, out of Fairmont, Minnesota. The loan was granted and they received $150,000 to help grow their Winnebago, Minnesota business. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender FIRST FARMERS & MERCHANTS NATL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 4/2/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $135,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 22 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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. Related Links: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Fairmont, Minnesota
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