Roseau, Minnesota Bank Lends Money to Grocery Stores Company in Roseau, Minnesota

Find Roseau, Minnesota banks that specialize in small business loans and know how to work with entrepreneurs. Citizens State Bank Of Roseau is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Roseau, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Citizens State Bank Of Roseau. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
ROSEAU, MN 56751

SBA Loan Lender

CITIZENS STATE BANK OF ROSEAU
118 MAIN AVE SOUTH
ROSEAU, MN 56751

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

5/11/2000

Loan Approval Gross Amount

$26,500

Loan Approval from the SBA

Of the total $26,500 loan amount, the SBA guaranteed $21,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Roseau MN, you ought to talk with a local Roseau SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Roseau businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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