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April 28, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Pine River, Business Loans > Pine River State Bank Pine River Business Loans > Animal Specialty Services Loan | ||||
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SBA Lenders in Minnesota
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Commercial Loans for Support Activities for Animal ProductionWith these commercial loans for support activities for animal production, the SBA guarantees the lender that the loan will be repaid. This support activities for animal production loan for $31,000 was given to a Minnesota entrepreneur in 2001. Getting a small business loan in Pequot Lakes, Minnesota was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Pine River State Bank, operating out of Pine River, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: ANIMAL SPECIALTY SERVICES SBA Loan Lender PINE RIVER STATE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0752 - Animal Specialty Services NAICS Code 115210 - Support Activities for Animal Production Loan Approval Date 10/12/2001 Loan Approval Gross Amount $31,000 Loan Approval from the SBA Of the total $31,000 loan amount, the SBA guaranteed $26,350. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $31,000 loan. Remember, fight for what you want, and it will be yours! 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 for Small Business in Pine River, Minnesota
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