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May 12, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Rochester, Business Loans > Wells Fargo Bank Rochester Business Loans > Computer And Computer Software Stores Loan | ||||
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SBA Lenders in Minnesota
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Where to Get Capital for Computer and Software StoresLooking for small business loans for computer and software stores? The SBA may be the answer. This $325,000 computer and software stores loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brainerd, Minnesota was able to borrow $325,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $243,750 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER AND COMPUTER SOFTWARE STORES SBA Loan Lender WELLS FARGO BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5734 - Computer and Computer Software Stores NAICS Code 443120 - Computer and Software Stores Loan Approval Date 3/30/2000 Loan Approval Gross Amount $325,000 Loan Approval from the SBA Of the total $325,000 loan amount, the SBA guaranteed $243,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 14 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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. Related Links: Best Banks in Rochester, Minnesota Getting an SBA Loan in Minnesota
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