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May 11, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Peoples Bank Of Commerce Saint Paul Business Loans > Veterinary Services Loan | ||||
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Saint Paul SBA Lenders
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Saint Paul, Minnesota Lender Lends Money to Veterinary Services CompanyGet SBA loans from a Saint Paul, Minnesota bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Peoples Bank Of Commerce is a Saint Paul, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company. SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES SBA Loan Lender PEOPLES BANK OF COMMERCE The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541940 - Veterinary Services Loan Approval Date 9/22/2003 Loan Approval Gross Amount $139,500 Loan Approval from the SBA Of the total $139,500 loan amount, the SBA guaranteed $118,575. 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 4 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: How Much Venture Capital Is There? Best Banks in Saint Paul, Minnesota
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