Financing for Security Guards and Patrol Services
Looking for loans for security guards and patrol services? An SBA loan may be just what you've been looking for. This $350,000 security guards and patrol services loan was issued by a Minnesota bank.
This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Minnesota Bank, out of Minnetonka, Minnesota. The loan was granted and they received $350,000 to help grow their Coon Rapids (rr Name Coon Cree, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: SECURITY GUARDS AND PATROL SERVICES
COON RAPIDS (RR NAME COON CREE, MN 55433
SBA Loan Lender
FIRST MINNESOTA BANK
4625 COUNTY RD 101
MINNETONKA, MN 55345
This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561612 - Security Guards and Patrol Services
Loan Approval Date
2/24/2006
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $175,000.
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 400 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 400 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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Minnesota Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Advice on Getting a Small Business Loan
Where to Get an SBA Loan in Minnetonka, Minnesota
SBA Participating Banks in Minnesota