Vehicular Lighting Equipment Manufacturing Loans

With these loans for vehicular lighting equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This vehicular lighting equipment manufacturing loan for $26,000 was given to a Minnesota entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Bethel, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Community Pride Bank, based in Isanti, Minnesota.

SBA Loan Borrower

COMPANY TYPE: VEHICULAR LIGHTING EQUIPMENT
BETHEL, MN 55005

SBA Loan Lender

COMMUNITY PRIDE BANK
901 NICKLAUS COURT
ISANTI, MN 55040

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3647 - Vehicular Lighting Equipment

NAICS Code

336321 - Vehicular Lighting Equipment Manufacturing

Loan Approval Date

12/12/2003

Loan Approval Gross Amount

$26,000

Loan Approval from the SBA

Of the total $26,000 loan amount, the SBA guaranteed $22,100.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

While you may be able to find business people willing to loan money, 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.

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