Blaine, Minnesota Business Gets SBA-Guaranteed Funding from 21st Century Bank

21st Century Bank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Blaine, Minnesota was able to borrow $1,314,000 from 21st Century Bank. The SBA made the loan possible by guaranteeing $985,500 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
BLAINE, MN 55449

SBA Loan Lender

21ST CENTURY BANK
9380 CENTRAL AVE NE
BLAINE, MN 55434

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA 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

339950 - Sign Manufacturing

Loan Approval Date

3/21/2005

Loan Approval Gross Amount

$1,314,000

Loan Approval from the SBA

Of the total $1,314,000 loan amount, the SBA guaranteed $985,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from 21st Century Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Financing Your Business

Small Bank Loans in Blaine, Minnesota

Getting a Business Loan in Minnesota