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May 16, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Inver Grove Heights, Business Loans > American Bank Of St. Paul Inver Grove Heights Business Loans > Offices And Clinics Of Chiropractors Loan | ||||
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Inver Grove Heights Lenders
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Inver Grove Heights, Minnesota Bank Lends Money to Offices And Clinics Of Chiropractors Company in Circle Pines, MinnesotaGet to know Inver Grove Heights, Minnesota banks that specialize in business loans and know how to work with entrepreneurs. American Bank Of St. Paul is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Circle Pines, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from American Bank Of St. Paul. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS SBA Loan Lender AMERICAN BANK OF ST. PAUL This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8041 - Offices and Clinics of Chiropractors NAICS Code 621310 - Chiropractors Loan Approval Date 6/24/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 7 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like American Bank Of St. Paul that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Who Lends Money to Small Businesses in Inver Grove Heights, Minnesota
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