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May 6, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Coon Rapids, Business Loans > First Advantage Bank Coon Rapids Business Loans > Sign Manufacturing Loan | ||||
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Coon Rapids, Minnesota SBA Banks
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Coon Rapids, Minnesota Bank Gives SBA Loan to Sign Manufacturing CompanyA Coon Rapids, Minnesota small business loan can be yours. Learn how a business got a $319,000 business loan from this Minnesota bank. This loan to an entrepreneur is a good example of an SBA loan. First Advantage 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: SIGN MANUFACTURING SBA Loan Lender FIRST ADVANTAGE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339950 - Sign Manufacturing Loan Approval Date 2/25/2008 Loan Approval Gross Amount $319,000 Loan Approval from the SBA Of the total $319,000 loan amount, the SBA guaranteed $239,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $319,000. How would you spend $319,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Coon Rapids, Minnesota SBA Participating Banks in Minnesota
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