Business Loan from First Advantage Bancshares Inc Given to Specialty Trade Contractors Company
First Advantage Bancshares Inc is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Minnesota entrepreneur who tapped into the power of SBA loans.
This small firm knew how to go about getting a business bank loan. Based in Coon Rapids, Minnesota, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Advantage Bancshares Inc, based in Coon Rapids, Minnesota.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
COON RAPIDS, MN 55433
SBA Loan Lender
FIRST ADVANTAGE BANCSHARES INC
9950 FOLEY BLVD NW
COON RAPIDS, MN 55433
This SBA bank 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.
NAICS Code
238990 - Specialty Trade Contractors
Loan Approval Date
5/25/2004
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
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 30 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
We can help you find the best banks for small businesses in Coon Rapids 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:
Financing Your Business
SBA 7A Lenders in Coon Rapids, Minnesota
SBA Lenders in Minnesota