Wayzata, Minnesota Lender Lends Money to Sign Manufacturing Company

Want to talk with a Wayzata, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Wayzata bank, that was approved by the SBA.

Applying for an SBA loan with Flagship Bank Minnesota worked out well for our friends at one local company in St. Bonifacius, Minnesota. They got an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
ST. BONIFACIUS, MN 55375

SBA Loan Lender

FLAGSHIP BANK MINNESOTA
445 E LAKE ST, STE 110
WAYZATA, MN 55391

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

1/7/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Flagship Bank Minnesota 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:

Small Business Loan

Where to Get an SBA Loan in Wayzata, Minnesota

Minnesota SBA 7A Banks