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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Commercial Printing Loan | ||||
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Raising Money in Waseca, Minnesota With SBA Loans
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Where to Get Capital for Commercial PrintingLooking for small business loans for commercial printing? Talk to a banker who works with the SBA. This $279,500 commercial printing loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waseca, Minnesota was able to borrow $279,500 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $209,625 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 6/16/2005 Loan Approval Gross Amount $279,500 Loan Approval from the SBA Of the total $279,500 loan amount, the SBA guaranteed $209,625. 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 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find other ways to get money to start a business, 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: Dealing With Venture Capitalists SBA Participating Banks in San Diego, California
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