Borrowing Money for Dry, Condensed, and Evaporated Dairy Product Manufacturing
Looking for small business loans for dry, condensed, and evaporated dairy product manufacturing? Talk to a banker who works with the SBA. This $690,000 dry, condensed, and evaporated dairy product manufacturing loan was issued by a Minnesota bank.
Getting a small business loan in Durand, Wisconsin was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Associated Bank, operating out of Minneapolis, Minnesota. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: DRY, CONDENSED, AND EVAPORATED DAIRY PRODUCTS
DURAND, WI 54736
SBA Loan Lender
ASSOCIATED BANK
740 MARQUETTE AVE
MINNEAPOLIS, MN 55402
This lender issued this small business loan under the SBA's 7A loan, 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
2023 - Dry, Condensed, and Evaporated Dairy Products
NAICS Code
311514 - Dry, Condensed, and Evaporated Dairy Product Manufacturing
Loan Approval Date
3/8/2002
Loan Approval Gross Amount
$690,000
Loan Approval from the SBA
Of the total $690,000 loan amount, the SBA guaranteed $517,500.
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. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Associated Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Find Start-Up Capital
SBA Banks in Minneapolis, Minnesota
Minnesota SBA 7A Lenders