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May 13, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Corpus Christi, Business Loans > Amer Bank Corpus Christi Business Loans > Nursery And Garden Centers Loan | ||||
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Grand Rapids, Minnesota Bank for SBA Loans
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Raising Money for Nursery and Garden CentersLooking for business loans for nursery and garden centers? An SBA loan may be just what you've been looking for. This $21,000 nursery and garden centers loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Rapids, Minnesota was able to borrow $21,000 from Amer Bank. The SBA made the loan possible by guaranteeing $10,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: NURSERY AND GARDEN CENTERS SBA Loan Lender AMER BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 444220 - Nursery and Garden Centers Loan Approval Date 12/3/2002 Loan Approval Gross Amount $21,000 Loan Approval from the SBA Of the total $21,000 loan amount, the SBA guaranteed $10,500. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Participating Banks in Corpus Christi, Texas Where to Get an SBA Loan Texas
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