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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Lakeville, Business Loans > Provincial Bank Lakeville Business Loans > Direct Selling Establishments Loan | ||||
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Lakeville, Minnesota SBA 7A Banks
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Lakeville, Minnesota Bank Gives SBA Loan to Direct Selling Establishments CompanyWant to talk with a Lakeville, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Lakeville bank, that was approved by the SBA. Applying for an SBA loan with Provincial Bank worked out well for our friends at one local firm in Rosemount, Minnesota. They got an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender PROVINCIAL BANK 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. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 1/25/2005 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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Provincial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Getting an SBA Loan in Minnesota
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