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May 16, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Granite Falls, Business Loans > Citizens St. Bank - Clara City Granite Falls Business Loans > Sporting Goods Stores Loan | ||||
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SBA Lender Granite Falls, Minnesota
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Granite Falls, Minnesota Bank Lends Money to Sporting Goods Stores Company in Granite Falls, MinnesotaWant to talk with a Granite Falls, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Granite Falls bank, that was approved by the SBA. Applying for an SBA loan with Citizens St. Bank - Clara City worked out well for our friends at one local firm in Granite Falls, Minnesota. The business was able to get an SBA loan for $34,000. Nice! SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender CITIZENS ST. BANK - CLARA CITY This lender issued this particular 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 451110 - Sporting Goods Stores Loan Approval Date 1/30/2004 Loan Approval Gross Amount $34,000 Loan Approval from the SBA Of the total $34,000 loan amount, the SBA guaranteed $28,900. 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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $34,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks for Granite Falls, Minnesota Loans
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