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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Millwork Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Get an SBA Loan for Wood Window and Door ManufacturingLooking for bank loans for wood window and door manufacturing? Talk to a banker who works with the SBA. This $302,000 wood window and door manufacturing loan was issued by a Minnesota bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Associated Bank, out of Minneapolis, Minnesota. The loan was granted and they received $302,000 to help grow their Lakeville, Minnesota business. SBA Loan Borrower COMPANY TYPE: MILLWORK SBA Loan Lender ASSOCIATED BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2431 - Millwork NAICS Code 321911 - Wood Window and Door Manufacturing Loan Approval Date 10/5/2000 Loan Approval Gross Amount $302,000 Loan Approval from the SBA Of the total $302,000 loan amount, the SBA guaranteed $226,500. 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 70 employees. The SBA loan documents indicated that the loan would help retain 70 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Borrowing Money from Friends and Family Find an SBA Lender in Minneapolis, Minnesota SBA Participating Banks in Minnesota
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