Financing for Electronic and Precision Equipment Repair and Maintenance

Looking for loans for electronic and precision equipment repair and maintenance? Try the SBA. This $165,000 electronic and precision equipment repair and maintenance loan was issued by a Minnesota bank.

Getting a small business loan in Osceola, Wisconsin was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mainstreet Bank, operating out of South Saint Paul, Minnesota. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
OSCEOLA, WI 54020

SBA Loan Lender

MAINSTREET BANK
835 SOUTHVIEW BLVD
SOUTH SAINT PAUL, MN 55075

This bank 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.

SIC Code

7699 - Repair Shops and Related Services

NAICS Code

811219 - Electronic and Precision Equipment Repair and Maintenance

Loan Approval Date

8/8/2005

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mainstreet Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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