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May 5, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Barnesville, Business Loans > Midwest Bank Barnesville Business Loans > Fabricated Metal Product Manufacturing Loan | ||||
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Minnesota SBA Banks
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Barnesville, Minnesota Lender Lends Money to Fabricated Metal Product Manufacturing CompanyWant to talk with a Barnesville, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Barnesville bank, that was approved by the SBA. Applying for an SBA loan with Midwest Bank worked out well for our friends at one local company in Pequot Lakes, Minnesota. They got an SBA loan for $208,850. Nice! SBA Loan Borrower COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING SBA Loan Lender MIDWEST BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332999 - Fabricated Metal Product Manufacturing Loan Approval Date 3/17/2006 Loan Approval Gross Amount $208,850 Loan Approval from the SBA Of the total $208,850 loan amount, the SBA guaranteed $156,638. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Pequot Lakes or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Good Banks for Small Business in Barnesville, Minnesota Getting a Business Loan in Minnesota
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