Rolling Mill Machinery and Equipment Manufacturing Loans

Looking for loans for rolling mill machinery and equipment manufacturing? Try the SBA. This $641,500 rolling mill machinery and equipment manufacturing loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Melrose, Minnesota was able to borrow $641,500 from Freeport State Bank. The SBA made the loan possible by guaranteeing $481,125 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: ROLLING MILL MACHINERY AND EQUIPMENT MANUFACTURING
MELROSE, MN 56352

SBA Loan Lender

FREEPORT STATE BANK
219 E MAIN ST
MELROSE, MN 56352

This 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

333516 - Rolling Mill Machinery and Equipment Manufacturing

Loan Approval Date

6/8/2005

Loan Approval Gross Amount

$641,500

Loan Approval from the SBA

Of the total $641,500 loan amount, the SBA guaranteed $481,125.

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 7 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Melrose MN, you ought to talk with a local Melrose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Melrose businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Freeport State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Understanding Dilution

Banks in Melrose, Minnesota

Where to Get an SBA Loan Minnesota