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May 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Waverly, Business Loans > Citizens St. Bank - Waverly (inc Waverly Business Loans > Digital Printing Loan | ||||
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SBA 7A Banks in Minnesota
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Raising Money for Digital PrintingLooking for bank loans for digital printing? Talk to a banker who works with the SBA. This $750,000 digital printing loan was issued by a Minnesota bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens St. Bank - Waverly (inc, out of Waverly, Minnesota. The loan was granted and they received $750,000 to help grow their Winsted, Minnesota business. SBA Loan Borrower COMPANY TYPE: DIGITAL PRINTING SBA Loan Lender CITIZENS ST. BANK - WAVERLY (INC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323115 - Digital Printing Loan Approval Date 9/15/2005 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 95 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens St. Bank - Waverly (inc had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens St. Bank - Waverly (inc made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Borrowing Money from Friends and Family
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