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May 3, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Lakeville, Business Loans > Provincial Bank Lakeville Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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Banks Doing SBA Loans in Minnesota
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Lakeville, Minnesota Bank Lends Money to Plumbing, Heating, And Air-Conditioning Contractors Company in Bloomington, MinnesotaWant to talk with a Lakeville, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Lakeville bank, that was approved by the SBA. Applying for an SBA loan with Provincial Bank worked out well for our friends at one local company in Bloomington, Minnesota. The business was able to get an SBA loan for $670,000. Nice! SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender PROVINCIAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 8/31/2004 Loan Approval Gross Amount $670,000 Loan Approval from the SBA Of the total $670,000 loan amount, the SBA guaranteed $502,500. 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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Bloomington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Lakeville, Minnesota
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