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May 5, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Plymouth, Business Loans > Associated Bank Plymouth Business Loans > Eating Places Loan | ||||
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Plymouth, Minnesota Bank for SBA Loans
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Plymouth, Minnesota Lender Lends Money to Eating Places CompanyA Plymouth, Minnesota business loan can be yours. Learn how one firm got a $75,000 business loan from this Minnesota bank. This loan to an entrepreneur is a good example of an SBA loan. Associated Bank made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ASSOCIATED BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 6/20/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in St. Paul MN, you ought to talk with a local St. Paul SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Paul businesses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks for Plymouth, Minnesota Loans Getting an SBA Loan in Minnesota
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