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May 3, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Vernon Center, Business Loans > Community Bank Vernon Center Vernon Center Business Loans > Drinking Places Loan | ||||
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Vernon Center Lenders
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Vernon Center, Minnesota Bank Lends Money to Drinking Places Company in Mankato, MinnesotaGet business loans from a Vernon Center, Minnesota bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Community Bank Vernon Center is a Vernon Center, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender COMMUNITY BANK VERNON CENTER The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 722410 - Drinking Places Loan Approval Date 7/14/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 33 employees. The SBA loan documents indicated that the loan would help retain 33 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Approved Banks in Vernon Center, Minnesota SBA Participating Banks in Minnesota
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