Metal Service Centers and Metal Merchant Wholesalers Business Loans

Looking for business loans for metal service centers and metal merchant wholesalers? Try the SBA. This $126,700 metal service centers and metal merchant wholesalers loan was issued by a Minnesota bank.

Getting a small business loan in Brainerd, Minnesota was important for this small business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Deerwood, operating out of Deerwood, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL SERVICE CENTERS AND METAL MERCHANT WHOLESALERS
BRAINERD, MN 56401

SBA Loan Lender

1ST NATIONAL BANK - DEERWOOD
21236 ARCHIBALD RD
DEERWOOD, MN 56444

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

423510 - Metal Service Centers and Metal Merchant Wholesalers

Loan Approval Date

1/2/2008

Loan Approval Gross Amount

$126,700

Loan Approval from the SBA

Of the total $126,700 loan amount, the SBA guaranteed $63,350.

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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st National Bank - Deerwood and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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Best Deerwood, Minnesota Banks for Small Business

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