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May 3, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Halstad, Business Loans > Red River State Bank Halstad Business Loans > Airport Operations Loan | ||||
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Small Business Loans for Airport OperationsLooking for small business loans for airport operations? The SBA may be the answer. This $125,000 airport operations loan was issued by a Minnesota bank. This small firm knew how to go about getting a business bank loan. Based in Detroit Lakes, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Red River State Bank, based in Halstad, Minnesota. SBA Loan Borrower COMPANY TYPE: AIRPORT OPERATIONS SBA Loan Lender RED RIVER STATE BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488119 - Airport Operations Loan Approval Date 11/1/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $125,000. How would you spend $125,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Halstad, Minnesota Getting a Business Loan in Minnesota
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