Confectionery Merchant Wholesalers Small Business Loans

Looking for small business loans for confectionery merchant wholesalers? Try the SBA. This $20,200 confectionery merchant wholesalers 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 Frandsen Bank & Trust, out of Foley, Minnesota. The loan was granted and they received $20,200 to help grow their Foley, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY MERCHANT WHOLESALERS
FOLEY, MN 56329

SBA Loan Lender

FRANDSEN BANK & TRUST
341 4TH AVE
FOLEY, MN 56329

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

424450 - Confectionery Merchant Wholesalers

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$20,200

Loan Approval from the SBA

Of the total $20,200 loan amount, the SBA guaranteed $10,100.

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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Foley MN, you ought to talk with a local Foley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Foley businesses.

We can help you find the best banks for small businesses in Foley 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:

How to Raise Money

Small Bank Loans in Foley, Minnesota

SBA Participating Banks in Minnesota