Nursery and Garden Centers Business Loans

With these business loans for nursery and garden centers, the SBA guarantees the lender that the loan will be repaid. This nursery and garden centers loan for $354,700 was given to a Minnesota entrepreneur in 2000.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Plus, out of Estherville, Iowa. The loan was granted and they received $354,700 to help grow their Fairmont, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: RETAIL NURSERIES, LAWN AND GARDEN SUPPLY STORES
FAIRMONT, MN 56031

SBA Loan Lender

BANK PLUS
1202 CENTRAL AVE
ESTHERVILLE, IA 51334

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5261 - Retail Nurseries, Lawn and Garden Supply Stores

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$354,700

Loan Approval from the SBA

Of the total $354,700 loan amount, the SBA guaranteed $266,025.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Fairmont MN, you ought to talk with a local Fairmont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairmont businesses.

We can help you find the best banks for small businesses in Fairmont or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

Best Banks for Small Business in Estherville, Iowa

Getting an SBA Loan in Iowa