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May 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Wyoming, Business Loans > First State Bank Of Wyoming Wyoming Business Loans > Refuse Systems Loan | ||||
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Minnesota Bank SBA Loans
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First State Bank Of Wyoming SBA Loan to Refuse Systems CompanyLooking to get a Minnesota business loan? Here's one Minnesota business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Forest Lake, Minnesota was able to borrow $150,000 from First State Bank Of Wyoming. The SBA made the loan possible by guaranteeing $112,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: REFUSE SYSTEMS SBA Loan Lender FIRST STATE BANK OF WYOMING This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4953 - Refuse Systems Loan Approval Date 8/30/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Forest Lake 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: Where to Get an SBA Loan in Wyoming, Minnesota SBA Participating Banks in Minnesota
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