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May 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Eden Prairie, Business Loans > Flagship Bank Minnesota Eden Prairie Business Loans > Communication Equipment Repair And Maintenance Loan | ||||
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Flagship Bank Minnesota
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Business Loan from Flagship Bank Minnesota Given to Communication Equipment Repair And Maintenance CompanyAn SBA loan from Flagship Bank Minnesota typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Eden Prairie, Minnesota business owner got a $830,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eden Prairie, Minnesota was able to borrow $830,000 from Flagship Bank Minnesota. The SBA made the loan possible by guaranteeing $622,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: COMMUNICATION EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender FLAGSHIP BANK MINNESOTA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811213 - Communication Equipment Repair and Maintenance Loan Approval Date 6/27/2005 Loan Approval Gross Amount $830,000 Loan Approval from the SBA Of the total $830,000 loan amount, the SBA guaranteed $622,500. 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 122 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Realistic Debt Financing Options Best Banks for Small Business in Eden Prairie, Minnesota Find an SBA Lender in Minnesota
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