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May 6, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Olivia, Business Loans > American Bank Of St. Paul Olivia Business Loans > Limited-Service Restaurants Loan | ||||
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Olivia Lenders
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Entrepreneur Works With Olivia, Minnesota Bank to Get an SBA LoanThinking about meeting with an Olivia, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by an Olivia bank, that was approved by the SBA. Applying for an SBA loan with American Bank Of St. Paul worked out well for our friends at one local firm in Dassel, Minnesota. They received an SBA loan for $453,300. Way to go! SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender AMERICAN BANK OF ST. PAUL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/20/2002 Loan Approval Gross Amount $453,300 Loan Approval from the SBA Of the total $453,300 loan amount, the SBA guaranteed $339,975. 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 40 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Good Banks for Small Business in Olivia, Minnesota Getting an SBA Loan in Minnesota
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