Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

We Needed a Small Business Loan in Rockford, Minnesota and We Got One!

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Surveying and Mapping Services

Looking for small business loans for surveying and mapping services? An SBA loan may be just what you've been looking for. This $50,000 surveying and mapping services loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Bankwest, out of Rockford, Minnesota. The loan was granted and they received $50,000 to help grow their Rockford, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: SURVEYING AND MAPPING SERVICES
ROCKFORD, MN 55373

SBA Loan Lender

BANKWEST
5921 MAIN ST
ROCKFORD, MN 55373

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541370 - Surveying and Mapping Services

Loan Approval Date

8/31/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 2 employees. The SBA loan documents indicated that the loan would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $50,000. How would you spend $50,000 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:

Small Business Credit Cards

Best Rockford, Minnesota Banks for Small Business

SBA Lenders in Minnesota