Bank Loans for Drinking Places

Looking for bank loans for drinking places? An SBA loan may be just what you've been looking for. This $84,348 drinking places loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atwater, Minnesota was able to borrow $84,348 from Atwater State Bank. The SBA made the loan possible by guaranteeing $71,696 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
ATWATER, MN 56209

SBA Loan Lender

ATWATER STATE BANK
222 ATLANTIC
ATWATER, MN 56209

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

1/18/2002

Loan Approval Gross Amount

$84,348

Loan Approval from the SBA

Of the total $84,348 loan amount, the SBA guaranteed $71,696.

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 13 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 - Friends and Family

Small Business Banks in Atwater, Minnesota

Minnesota SBA 7A Lenders