Raising Money for Freight Transportation Arrangement

Looking for bank loans for freight transportation arrangement? An SBA loan may be just what you've been looking for. This $332,500 freight transportation arrangement loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Eden Prairie, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Minnesota Bank, based in Minnetonka, Minnesota.

SBA Loan Borrower

COMPANY TYPE: FREIGHT TRANSPORTATION ARRANGEMENT
EDEN PRAIRIE, MN 55347

SBA Loan Lender

FIRST MINNESOTA BANK
4625 COUNTY RD 101
MINNETONKA, MN 55345

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488510 - Freight Transportation Arrangement

Loan Approval Date

2/3/2005

Loan Approval Gross Amount

$332,500

Loan Approval from the SBA

Of the total $332,500 loan amount, the SBA guaranteed $249,375.

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 14 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $332,500 loan. Remember, things become real when you believe you can achieve them!

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:

Role of Business Plan When Raising Money

SBA Participating Banks in Minnetonka, Minnesota

Getting a Business Loan in Minnesota