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April 28, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Peoples Bank Of Commerce Saint Paul Business Loans > Machine Shops Loan | ||||
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Banks in Minnesota
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Commercial Loans for Machine ShopsLooking for commercial loans for machine shops? Try the SBA. This $300,000 machine shops 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 Peoples Bank Of Commerce, out of Saint Paul, Minnesota. The loan was granted and they received $300,000 to help grow their Bloomington, Minnesota business. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender PEOPLES BANK OF COMMERCE This lender processed this SBA 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 332710 - Machine Shops Loan Approval Date 6/29/2005 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $150,000. 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 40 employees. The SBA loan application for the borrower indicated that the loan would help retain 40 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Bloomington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks in Saint Paul, Minnesota Find an SBA Lender in Minnesota
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