Get an SBA Loan for Business Associations

With these loans for business associations, the SBA guarantees the lender that the loan will be repaid. This business associations loan for $205,000 was given to a Minnesota entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Circle Pines, Minnesota was able to borrow $205,000 from Anchor Bank Heritage. The SBA made the loan possible by guaranteeing $153,750 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS ASSOCIATIONS
CIRCLE PINES, MN 55014

SBA Loan Lender

ANCHOR BANK HERITAGE
2700 E 7TH AVE
NORTH SAINT PAUL, MN 55109

This commercial 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

813910 - Business Associations

Loan Approval Date

8/2/2005

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Circle Pines MN, you ought to talk with a local Circle Pines SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Circle Pines businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Anchor Bank Heritage 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.

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