Engineering Services SBA Loans

Looking for SBA loans for engineering services? Try the SBA. This $20,000 engineering services loan was issued by a Michigan bank.

Getting a small business loan in Minneapolis, Minnesota was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Northern Michigan Bank & Trust, operating out of Marquette, Michigan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
MINNEAPOLIS, MN 55404

SBA Loan Lender

NORTHERN MICHIGAN BANK & TRUST
1502 W WASHINGTON
MARQUETTE, MI 49855

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8711 - Engineering Services

NAICS Code

541330 - Engineering Services

Loan Approval Date

4/3/2002

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Minneapolis MN, you ought to talk with a local Minneapolis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Minneapolis businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Northern Michigan Bank & Trust 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:

Debt Financing

Small Business Banks in Marquette, Michigan

Getting a Business Loan in Michigan