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May 16, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Peoples Bank Of Commerce Saint Paul Business Loans > Fiber Can, Tube, Drum, And Similar Products Manufacturing Loan | ||||
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We Needed a Commercial Loan in Inver Grove Heights, Minnesota and We Got One!
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Borrowing Money for Fiber Can, Tube, Drum, and Similar Products ManufacturingLooking for small business loans for fiber can, tube, drum, and similar products manufacturing? The SBA may be the answer. This $212,000 fiber can, tube, drum, and similar products manufacturing loan was issued by a Minnesota bank. This small firm knew how to go about getting a business bank loan. Based in Inver Grove Heights, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Peoples Bank Of Commerce, based in Saint Paul, Minnesota. SBA Loan Borrower COMPANY TYPE: FIBER CAN, TUBE, DRUM, AND SIMILAR PRODUCTS MANUFACTURING SBA Loan Lender PEOPLES BANK OF COMMERCE This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 322214 - Fiber Can, Tube, Drum, and Similar Products Manufacturing Loan Approval Date 5/19/2005 Loan Approval Gross Amount $212,000 Loan Approval from the SBA Of the total $212,000 loan amount, the SBA guaranteed $159,000. 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 11 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your 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 Peoples Bank Of Commerce 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. Related Links: Best Saint Paul, Minnesota Banks for Small Business
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