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May 3, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Sign Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Coon Rapids, Minnesota?
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Small Business Loans for Sign ManufacturingWith these small business loans for sign manufacturing, the SBA guarantees the lender that the loan will be repaid. This sign manufacturing loan for $20,000 was given to a Minnesota entrepreneur in 2006. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Capital One, out of Mclean, Virginia. The loan was granted and they received $20,000 to help grow their Coon Rapids, Minnesota business. SBA Loan Borrower COMPANY TYPE: SIGN MANUFACTURING SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 339950 - Sign Manufacturing Loan Approval Date 2/23/2006 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 loan application indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Coon Rapids 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: Where to Get an SBA Loan in Mclean, Virginia
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