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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maplewood, Business Loans > Premier Bank Maplewood Business Loans > Confectionery Merchant Wholesalers Loan | ||||
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Minnesota Small Business Funding
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Confectionery Merchant Wholesalers Business LoansLooking for business loans for confectionery merchant wholesalers? The SBA may be the answer. This $182,500 confectionery merchant wholesalers loan was issued by a Minnesota bank. Getting a small business loan in Deephaven, Minnesota was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Premier Bank, operating out of Maplewood, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: CONFECTIONERY MERCHANT WHOLESALERS SBA Loan Lender PREMIER BANK 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 424450 - Confectionery Merchant Wholesalers Loan Approval Date 9/16/2003 Loan Approval Gross Amount $182,500 Loan Approval from the SBA Of the total $182,500 loan amount, the SBA guaranteed $136,875. 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 40 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Premier Bank and they will explain how you can get an SBA loan for your company. 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: The Friends and Family Network SBA Approved Banks in Maplewood, Minnesota
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