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May 9, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Gaylord, Business Loans > Progrowth Bank Gaylord Business Loans > Full-Service Restaurants Loan | ||||
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Graylord, Minnesota Bank Loan
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Get an SBA Loan for Full-Service RestaurantsLooking for small business loans for full-service restaurants? Try the SBA. This $74,000 full-service restaurants loan was issued by a Minnesota bank. This company knew how to go about getting a business bank loan. Based in Graylord, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Progrowth Bank, based in Gaylord, Minnesota. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PROGROWTH BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/23/2003 Loan Approval Gross Amount $74,000 Loan Approval from the SBA Of the total $74,000 loan amount, the SBA guaranteed $62,900. 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 12 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels 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 Graylord MN, you ought to talk with a local Graylord SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Graylord businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Lenders in Gaylord, Minnesota
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