Industrial Supplies Merchant Wholesalers Bank Loans

Looking for bank loans for industrial supplies merchant wholesalers? Try the SBA. This $168,000 industrial supplies merchant wholesalers loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Brickwell Community Bank, out of Woodbury, Minnesota. The loan was granted and they received $168,000 to help grow their Woodbury, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS
WOODBURY, MN 55125

SBA Loan Lender

BRICKWELL COMMUNITY BANK
525 COMMONS DR
WOODBURY, MN 55125

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

423840 - Industrial Supplies Merchant Wholesalers

Loan Approval Date

2/3/2006

Loan Approval Gross Amount

$168,000

Loan Approval from the SBA

Of the total $168,000 loan amount, the SBA guaranteed $126,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Woodbury MN, you ought to talk with a local Woodbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodbury businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Brickwell Community Bank 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.

Related Links:

Small Business Credit Cards

SBA Approved Banks in Woodbury, Minnesota

Minnesota SBA 7A Lenders