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May 16, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Northfield, Business Loans > Community Resource Bank Northfield Business Loans > Meat Processed From Carcasses Loan | ||||
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We Needed an SBA 7A Loan in Cannon Falls, Minnesota and We Got One!
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Raising Money for Meat Processed from CarcassesWith these business loans for meat processed from carcasses, the SBA guarantees the lender that the loan will be repaid. This meat processed from carcasses loan for $878,525 was given to a Minnesota entrepreneur in 2007. Getting a small business loan in Cannon Falls, Minnesota was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Community Resource Bank, operating out of Northfield, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: MEAT PROCESSED FROM CARCASSES SBA Loan Lender COMMUNITY RESOURCE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311612 - Meat Processed from Carcasses Loan Approval Date 7/31/2007 Loan Approval Gross Amount $878,525 Loan Approval from the SBA Of the total $878,525 loan amount, the SBA guaranteed $658,893. 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 45 employees. The loan application indicated that the loan would help retain 45 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Northfield, Minnesota
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