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May 17, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Mountain Lake, Business Loans > United Prairie Bank Mountain Lake Business Loans > Physical, Occupational And Speech Therapists, And Audiologists Loan | ||||
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Mountain Lake, Minnesota Bank for SBA Loans
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Mountain Lake, Minnesota Lender Lends Money to Physical, Occupational And Speech Therapists, And Audiologists CompanyThinking about meeting with a Mountain Lake, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Mountain Lake bank, that was approved by the SBA. Applying for an SBA loan with United Prairie Bank worked out well for our friends at one local company in Mankato, Minnesota. They got an SBA loan for $150,000. Way to go! SBA Loan Borrower COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS SBA Loan Lender UNITED PRAIRIE BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621340 - Physical, Occupational and Speech Therapists, and Audiologists Loan Approval Date 2/14/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 18 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 SBA Banks in Mountain Lake, Minnesota
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