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May 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Switchgear And Switchboard Apparatus Manufacturing Loan | ||||
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Chaska, Minnesota Bank Loan
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Get an SBA Loan for Switchgear and Switchboard Apparatus ManufacturingLooking for small business loans for switchgear and switchboard apparatus manufacturing? Talk to a banker who works with the SBA. This $350,000 switchgear and switchboard apparatus manufacturing loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chaska, Minnesota was able to borrow $350,000 from Associated Bank. The SBA made the loan possible by guaranteeing $262,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: SWITCHGEAR AND SWITCHBOARD APPARATUS MANUFACTURING SBA Loan Lender ASSOCIATED BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335313 - Switchgear and Switchboard Apparatus Manufacturing Loan Approval Date 1/30/2004 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 60 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 60 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Associated Bank and they will explain how you can get an SBA loan for your company. 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: Best Minneapolis, Minnesota Banks for Small Business Getting an SBA Loan in Minnesota
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