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May 7, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Dallas, Business Loans > Comerica Bank-Texas Dallas Business Loans > Specialty Food Stores Loan | ||||
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SBA 7A Banks for Eden Prarie, Minnesota Entrepreneurs
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Comerica Bank-Texas Gives SBA Loan to Specialty Food Stores CompanySBA loans in Minnesota are hard to find these days. We take a look at one Minnesota SBA loan, provided by a Texas bank, that was approved by the SBA. Getting a small business loan in Eden Prarie, Minnesota was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank-Texas. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender COMERICA BANK-TEXAS The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 9/22/2003 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 a new business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $250,000 loan. Remember, you control your own destiny. 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: Role of Business Plan When Raising Money Good Banks for Small Business in Dallas, Texas Where to Get an SBA Loan Texas
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