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May 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Perham, Business Loans > Bremer Bank Perham Business Loans > Electrical Machinery, Equipment, And Supplies Loan | ||||
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Minnesota Bank SBA Loans
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Bremer Bank SBA Loan to Electrical Machinery, Equipment, And Supplies CompanyLooking to get a Minnesota SBA loan? Here's one Minnesota business loan that was approved by the SBA. This growing firm needed an SBA business loan in Perham, Minnesota back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Bremer Bank, operating out of Perham, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL MACHINERY, EQUIPMENT, AND SUPPLIES SBA Loan Lender BREMER BANK This SBA 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 3699 - Electrical Machinery, Equipment, and Supplies Loan Approval Date 8/10/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banking Deregulation's Effects on Entrepreneurship Where to Get an SBA Loan in Perham, Minnesota
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