 |
 |
May 4, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Slayton, Business Loans > United Prairie Bank Slayton Business Loans > Florists Loan | ||||
 |
||||
We Needed a Small Business Loan in Marshall, Minnesota and We Got One!
|
||||
 |
Florists Business LoansLooking for business loans for florists? The SBA may be the answer. This $40,000 florists loan was issued by a Minnesota bank. This small business knew how to go about getting a business bank loan. Based in Marshall, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was United Prairie Bank, based in Slayton, Minnesota. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender UNITED PRAIRIE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 4/23/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 only one employee. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Borrowing Money from Friends and Family Getting an SBA Loan in Minnesota
|
|
||
|
||||
|
|
||||