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May 4, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maple Grove, Business Loans > Highland Bank Maple Grove Business Loans > Horse And Equine Production Loan | ||||
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SBA 7A Banks in Minnesota
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Horse and Equine Production Small Business LoansLooking for small business loans for horse and equine production? Try the SBA. This $10,000 horse and equine production loan was issued by a Minnesota bank. This company knew how to go about getting a business bank loan. Based in Buffalo, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Highland Bank, based in Maple Grove, Minnesota. SBA Loan Borrower COMPANY TYPE: HORSE AND EQUINE PRODUCTION SBA Loan Lender HIGHLAND BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 112920 - Horse and Equine Production Loan Approval Date 8/29/2007 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Highland Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Participating Banks in Maple Grove, Minnesota Find an SBA Lender in Minnesota
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