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May 13, 2024  
 
 
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What Does It Take to Get a Business Loan in Braham, Minnesota?

 

 
Loan Census SBA Loan Info

How to Get a Loan for Drinking Places

Looking for SBA loans for drinking places? Try the SBA. This $650,000 drinking places loan was issued by a Minnesota bank.

Getting a small business loan in Braham, Minnesota was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Kanabec State Bank, operating out of Mora, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
BRAHAM, MN 55006

SBA Loan Lender

KANABEC STATE BANK
124 MAPLE AVE EAST
MORA, MN 55051

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

12/21/2004

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Braham MN, you ought to talk with a local Braham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Braham businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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