How to Get a Loan for Manufacturing

Looking for business loans for manufacturing? Talk to a banker who works with the SBA. This $37,950 manufacturing loan was issued by a Minnesota bank.

Getting a small business loan in Boyd, Minnesota was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Kleinbank, operating out of Montevideo, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
BOYD, MN 56218

SBA Loan Lender

KLEINBANK
101 S FIRST ST
MONTEVIDEO, MN 56265

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

339999 - Manufacturing

Loan Approval Date

6/26/2001

Loan Approval Gross Amount

$37,950

Loan Approval from the SBA

Of the total $37,950 loan amount, the SBA guaranteed $32,257.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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SBA Participating Banks in Montevideo, Minnesota

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