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May 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Woodbury, Business Loans > Boundary Waters Bank Woodbury Business Loans > Full-Service Restaurants Loan | ||||
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SBA Lenders for Woodbury Small Business Owners
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Commercial Loans for Full-Service RestaurantsLooking for commercial loans for full-service restaurants? Try the SBA. This $150,000 full-service restaurants loan was issued by a Minnesota bank. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Boundary Waters Bank, out of Woodbury, Minnesota. The loan was granted and they received $150,000 to help grow their Woodbury, Minnesota business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BOUNDARY WATERS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans 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 722110 - Full-Service Restaurants Loan Approval Date 3/4/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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 Lenders in Woodbury, Minnesota
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