Business Loan from Kleinbank Given to Sporting And Recreational Camps Company

Kleinbank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montivideo, Minnesota was able to borrow $135,000 from Kleinbank. The SBA made the loan possible by guaranteeing $101,250 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND RECREATIONAL CAMPS
MONTIVIDEO, MN 56265

SBA Loan Lender

KLEINBANK
101 S FIRST ST
MONTEVIDEO, MN 56265

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

7032 - Sporting and Recreational Camps

NAICS Code

721214 - Recreational and Vacation Camps

Loan Approval Date

8/29/2000

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

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 2 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Montivideo MN, you ought to talk with a local Montivideo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montivideo businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Kleinbank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Incubators

Best Montevideo, Minnesota Banks for Small Business

Minnesota SBA Banks