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May 2, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Battle Lake, Business Loans > 1st National Bank - Battle Lake Battle Lake Business Loans > Service Establishment Equipment And Supplies Loan | ||||
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Minnesota Bank SBA Loans
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1st National Bank - Battle Lake SBA Loan to Service Establishment Equipment And Supplies CompanyLooking to get a Minnesota business loan? Here's one Minnesota business loan that was approved by the SBA. This small business needed an SBA business loan in Battle Lake, Minnesota back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from 1st National Bank - Battle Lake, operating out of Battle Lake, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES SBA Loan Lender 1ST NATIONAL BANK - BATTLE LAKE This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5087 - Service Establishment Equipment and Supplies Loan Approval Date 7/19/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. 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 6 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Battle Lake, Minnesota Browse All Business Loan Sources for Minnesota
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