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May 9, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Grand Forks, Business Loans > Bremer Bank Grand Forks Business Loans > Airports, Flying Fields, And Terminal Services Loan | ||||
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Business Loans for East Grand Forks Small Businesses
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Where to Get Capital for Support Activities for Air TransportationWith these small business loans for support activities for air transportation, the SBA guarantees the lender that the loan will be repaid. This support activities for air transportation loan for $900,000 was given to a Minnesota entrepreneur in 2004. This small firm knew how to go about getting a business bank loan. Based in East Grand Forks, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bremer Bank, based in Grand Forks, North Dakota. SBA Loan Borrower COMPANY TYPE: AIRPORTS, FLYING FIELDS, AND TERMINAL SERVICES SBA Loan Lender BREMER BANK This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4581 - Airports, Flying Fields, and Terminal Services NAICS Code 488190 - Support Activities for Air Transportation Loan Approval Date 5/13/2004 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 105 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Obtaining Funding - Getting Venture Capital SBA Participating Banks in Grand Forks, North Dakota Getting a Business Loan in North Dakota
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