Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

SBA Lenders for Stillwater Small Businesses

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Promoters of Performing Arts, Sports, and Similar Events with Facilities

With these loans for promoters of performing arts, sports, and similar events with facilities, the SBA guarantees the lender that the loan will be repaid. This promoters of performing arts, sports, and similar events with facilities loan for $101,800 was given to a Minnesota entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Stillwater, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Park Midway Bank, based in Saint Paul, Minnesota.

SBA Loan Borrower

COMPANY TYPE: PROMOTERS OF PERFORMING ARTS, SPORTS, AND SIMILAR EVENTS WITH FACILITIES
STILLWATER, MN 55082

SBA Loan Lender

PARK MIDWAY BANK
2300 COMO AVE
SAINT PAUL, MN 55108

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

711310 - Promoters of Performing Arts, Sports, and Similar Events with Facilities

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$101,800

Loan Approval from the SBA

Of the total $101,800 loan amount, the SBA guaranteed $86,530.

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 3 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs.

Getting an SBA Loan For Your Business

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $101,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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Banks in Saint Paul, Minnesota

SBA Minnesota Lenders