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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Bremer Bank Saint Cloud Business Loans > Overhead Traveling Crane, Hoist, And Monorail System Manufacturing Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Borrowing Money for Overhead Traveling Crane, Hoist, and Monorail System ManufacturingWith these loans for overhead traveling crane, hoist, and monorail system manufacturing, the SBA guarantees the lender that the loan will be repaid. This overhead traveling crane, hoist, and monorail system manufacturing loan for $510,000 was given to a Minnesota entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Deerwood, Minnesota was able to borrow $510,000 from Bremer Bank. The SBA made the loan possible by guaranteeing $382,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: OVERHEAD TRAVELING CRANE, HOIST, AND MONORAIL SYSTEM MANUFACTURING SBA Loan Lender BREMER BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333923 - Overhead Traveling Crane, Hoist, and Monorail System Manufacturing Loan Approval Date 4/24/2007 Loan Approval Gross Amount $510,000 Loan Approval from the SBA Of the total $510,000 loan amount, the SBA guaranteed $382,500. 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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bremer Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Participating Banks in Saint Cloud, Minnesota Find an SBA Lender in Minnesota
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