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May 4, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Baxter, Business Loans > Amer National Bank - Minnesota Baxter Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Banks in Baxter, Minnesota That Make SBA Loans
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Baxter, Minnesota Lender Lends Money to Coin-Operated Laundries And Drycleaners CompanyGet to know Baxter, Minnesota banks that specialize in SBA loans and know how to work with entrepreneurs. Amer National Bank - Minnesota is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Laporte, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Amer National Bank - Minnesota. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender AMER NATIONAL BANK - MINNESOTA This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 3/8/2007 Loan Approval Gross Amount $39,000 Loan Approval from the SBA Of the total $39,000 loan amount, the SBA guaranteed $19,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Amer National Bank - Minnesota had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Amer National Bank - Minnesota made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Lenders in Baxter, Minnesota
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