Business Loans for Geophysical Surveying and Mapping Services
With these business loans for geophysical surveying and mapping services, the SBA guarantees the lender that the loan will be repaid. This geophysical surveying and mapping services loan for $400,000 was given to a Minnesota entrepreneur in 2001.
This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Anchor Bank Heritage, out of North Saint Paul, Minnesota. The loan was granted and they received $400,000 to help grow their Eagan, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: PRIMARY NONFERROUS METAL SMELTING AND REFINING
EAGAN, MN 55121
SBA Loan Lender
ANCHOR BANK HERITAGE
2700 E 7TH AVE
NORTH SAINT PAUL, MN 55109
This small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a deep knowledge SBA policies and procedures.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3339 - Primary Nonferrous Metal Smelting and Refining
NAICS Code
541360 - Geophysical Surveying and Mapping Services
Loan Approval Date
1/23/2001
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
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 28 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Anchor Bank Heritage had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Anchor Bank Heritage made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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.
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