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May 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Woodbury, Business Loans > Brickwell Community Bank Woodbury Business Loans > Frozen Cakes, Pies, And Pastries Manufacturing Loan | ||||
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St. Paul, Minnesota Bank Loan
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Brickwell Community Bank Gives Bank Loan to Frozen Cakes, Pies, And Pastries Manufacturing CompanyMinnesotaSBA loans are available to Minnesota entrepreneurs through the SBA. In this case, a Minnesota bank provides the loan. Getting a small business loan in St. Paul, Minnesota was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Brickwell Community Bank. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: FROZEN CAKES, PIES, AND PASTRIES MANUFACTURING SBA Loan Lender BRICKWELL COMMUNITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 311813 - Frozen Cakes, Pies, and Pastries Manufacturing Loan Approval Date 7/18/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 34 employees. This SBA loan request indicated that the loan would help retain 34 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in Woodbury, Minnesota Getting a Business Loan in Minnesota
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