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April 28, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Freeport, Business Loans > Freeport State Bank Freeport Business Loans > Motorcycle, Atv, And Personal Watercraft Dealers Loan | ||||
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Minnesota Bank SBA Loans
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Freeport, Minnesota Bank Gives SBA Loan to Motorcycle, Atv, And Personal Watercraft Dealers CompanyA Freeport, Minnesota small business loan can be yours. Learn how a company got a $645,000 business loan from this Minnesota bank. This loan to an entrepreneur is a good example of an SBA loan. Freeport State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MOTORCYCLE, ATV, AND PERSONAL WATERCRAFT DEALERS SBA Loan Lender FREEPORT STATE BANK This SBA small business 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 441221 - Motorcycle, ATV, and Personal Watercraft Dealers Loan Approval Date 5/14/2007 Loan Approval Gross Amount $645,000 Loan Approval from the SBA Of the total $645,000 loan amount, the SBA guaranteed $483,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 5 new jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $645,000 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: SBA 7A Banks in Freeport, Minnesota Browse All Business Loan Sources for Minnesota
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