Tradebinding and Related Work Business Loans

Looking for business loans for tradebinding and related work? Try the SBA. This $1,663,000 tradebinding and related work loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Coon Rapids (rr Name Coon Cree, Minnesota was able to borrow $1,663,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $934,522 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: TRADEBINDING AND RELATED WORK
COON RAPIDS (RR NAME COON CREE, MN 55448

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323121 - Tradebinding and Related Work

Loan Approval Date

5/9/2001

Loan Approval Gross Amount

$1,663,000

Loan Approval from the SBA

Of the total $1,663,000 loan amount, the SBA guaranteed $934,522.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 32 employees. The loan application indicated that the loan would help retain 32 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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