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May 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Flowers, Nursery Stock, And Florists Supplies Loan | ||||
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Minnesota Bank SBA Loans
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Associated Bank SBA Loan to Flowers, Nursery Stock, And Florists Supplies CompanyLooking to get a Wisconsin SBA loan? Here's one Wisconsin business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Bay City, Wisconsin, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Associated Bank, based in Minneapolis, Minnesota. SBA Loan Borrower COMPANY TYPE: FLOWERS, NURSERY STOCK, AND FLORISTS SUPPLIES SBA Loan Lender ASSOCIATED BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5193 - Flowers, Nursery Stock, and Florists Supplies Loan Approval Date 9/6/2000 Loan Approval Gross Amount $235,000 Loan Approval from the SBA Of the total $235,000 loan amount, the SBA guaranteed $176,250. 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 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $235,000. How would you spend $235,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Business Banks in Minneapolis, Minnesota
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