Entrepreneur Works With Long Prairie, Minnesota Bank to Get an SBA Loan

Get to know Long Prairie, Minnesota banks that specialize in small business loans and know how to work with entrepreneurs. Amer Heritage National is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Browerville, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Amer Heritage National. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
BROWERVILLE, MN 56438

SBA Loan Lender

AMER HERITAGE NATIONAL
24 2ND ST SOUTH
LONG PRAIRIE, MN 56347

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

5/20/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 2 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

SBIR Funding

Small Bank Loans in Long Prairie, Minnesota

Where to Get an SBA Loan Minnesota