Business Loans for Building Finishing Contractors

With these business loans for building finishing contractors, the SBA guarantees the lender that the loan will be repaid. This building finishing contractors loan for $100,000 was given to a Minnesota entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Maple Lake, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Eagle Valley Bank, based in Saint Croix Falls, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: BUILDING FINISHING CONTRACTORS
MAPLE LAKE, MN 55358

SBA Loan Lender

EAGLE VALLEY BANK
102 N WASHINGTON
SAINT CROIX FALLS, WI 54024

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

238390 - Building Finishing Contractors

Loan Approval Date

9/20/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 26 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 26 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Eagle Valley 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.

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