Raising Money for Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing
Looking for business loans for lawn and garden tractor and home lawn and garden equipment manufacturing? An SBA loan may be just what you've been looking for. This $250,000 lawn and garden tractor and home lawn and garden equipment manufacturing loan was issued by a Minnesota bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St. Paul, Minnesota was able to borrow $250,000 from Venture Bank. The SBA made the loan possible by guaranteeing $125,000 of this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: LAWN AND GARDEN TRACTOR AND HOME LAWN AND GARDEN EQUIPMENT MANUFACTURING
ST. PAUL, MN 55114
SBA Loan Lender
VENTURE BANK
5601 GREEN VALLEY DR, STE 120
BLOOMINGTON, MN 55437
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
333112 - Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing
Loan Approval Date
5/26/2006
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
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 36 employees. This SBA loan request indicated that the loan would help retain 36 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
How to Raise Money
Where to Get an SBA Loan in Bloomington, Minnesota
Where to Get an SBA Loan Minnesota