Loans for Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing

With these loans for industrial truck, tractor, trailer, and stacker machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial truck, tractor, trailer, and stacker machinery manufacturing loan for $1,175,000 was given to a Minnesota entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Dassel, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Dassel, Minnesota.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL TRUCKS, TRACTORS, TRAILERS, AND STACKER
DASSEL, MN 55325

SBA Loan Lender

WELLS FARGO BANK
430 3RD ST
DASSEL, MN 55325

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3537 - Industrial Trucks, Tractors, Trailers, and Stacker

NAICS Code

333924 - Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing

Loan Approval Date

1/5/2001

Loan Approval Gross Amount

$1,175,000

Loan Approval from the SBA

Of the total $1,175,000 loan amount, the SBA guaranteed $749,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

SBIR Funding

SBA 7A Banks for Dassel, Minnesota Loans

Minnesota SBA Banks