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May 12, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Electroplating, Plating, Polishing, Anodizing, And Coloring Loan | ||||
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Business Loans for Maple Grove Business Owners
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SBA Loans for Electroplating, Plating, Polishing, Anodizing, and ColoringWith these SBA loans for electroplating, plating, polishing, anodizing, and coloring, the SBA guarantees the lender that the loan will be repaid. This electroplating, plating, polishing, anodizing, and coloring loan for $175,000 was given to a Minnesota entrepreneur in 2001. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Associated Bank, out of Minneapolis, Minnesota. The loan was granted and they received $175,000 to help grow their Maple Grove, Minnesota business. SBA Loan Borrower COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING SBA Loan Lender ASSOCIATED BANK 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 332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring Loan Approval Date 11/5/2001 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. 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 22 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $175,000 loan. Remember, if it to be, it is up to me! 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 Banks in Minneapolis, Minnesota
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