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May 2, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Private Bank Minnesota Minneapolis Business Loans > Packaging And Labeling Services Loan | ||||
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SBA Lender Minneapolis, Minnesota
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Minneapolis, Minnesota Bank Lends Money to Packaging And Labeling Services Company in Maple Grove, MinnesotaThinking about meeting with a Minneapolis, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Minneapolis bank, that was approved by the SBA. Applying for an SBA loan with Private Bank Minnesota worked out well for our friends at one local firm in Maple Grove, Minnesota. They received an SBA loan for $1,305,000. Way to go! SBA Loan Borrower COMPANY TYPE: PACKAGING AND LABELING SERVICES SBA Loan Lender PRIVATE BANK MINNESOTA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561910 - Packaging and Labeling Services Loan Approval Date 1/9/2003 Loan Approval Gross Amount $1,305,000 Loan Approval from the SBA Of the total $1,305,000 loan amount, the SBA guaranteed $978,750. 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 41 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. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $1,305,000. How would you spend $1,305,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Minneapolis, Minnesota
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