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May 12, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Norwood Young America, Business Loans > Kleinbank Norwood Young America Business Loans > Drinking Places Loan | ||||
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SBA Loans from Kleinbank
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SBA Loan from Kleinbank Helps Drinking Places CompanyKleinbank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them. Getting a small business loan in Victoria, Minnesota was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Kleinbank, operating out of Norwood Young America, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender KLEINBANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 6/27/2001 Loan Approval Gross Amount $156,900 Loan Approval from the SBA Of the total $156,900 loan amount, the SBA guaranteed $117,675. 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. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks in Norwood Young America, Minnesota
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