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May 13, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Mora, Business Loans > Kanabec State Bank Mora Business Loans > General Long-Distance Freight Trucking Loan | ||||
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How to Get SBA Loans in Mora, Minnesota
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Where to Get Capital for General Long-Distance Freight TruckingLooking for small business loans for general long-distance freight trucking? Try the SBA. This $52,500 general long-distance freight trucking loan was issued by a Minnesota bank. Getting a small business loan in Mora, Minnesota was important for this company back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Kanabec State Bank, operating out of Mora, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender KANABEC STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 484121 - General Long-Distance Freight Trucking Loan Approval Date 1/29/2008 Loan Approval Gross Amount $52,500 Loan Approval from the SBA Of the total $52,500 loan amount, the SBA guaranteed $26,250. 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 indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Kanabec State Bank and they will explain how you can get an SBA loan for your company. 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 Participating Banks in Mora, Minnesota
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