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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Bremer Bank Saint Cloud Business Loans > Furniture Stores Loan | ||||
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How to Get SBA Loans in Crosslake, Minnesota
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How to Get a Loan for Furniture StoresWith these SBA loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $385,000 was given to a Minnesota entrepreneur in 2005. Getting a small business loan in Crosslake, Minnesota was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bremer Bank, operating out of Saint Cloud, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender BREMER BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 12/29/2005 Loan Approval Gross Amount $385,000 Loan Approval from the SBA Of the total $385,000 loan amount, the SBA guaranteed $288,750. 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 4 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Crosslake MN, you ought to talk with a local Crosslake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Crosslake businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bremer Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Banks for Saint Cloud, Minnesota Loans
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