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May 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint James, Business Loans > Pioneer Bank Saint James Business Loans > Airports, Flying Fields, And Terminal Services Loan | ||||
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Saint James Bank Loan
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Saint James, Minnesota Bank Gives SBA Loan to Airports, Flying Fields, And Terminal Services CompanyA Saint James, Minnesota SBA loan can be yours. Learn how a company got a $60,000 business loan from this Minnesota bank. This loan to a local firm is a good example of an SBA loan. Pioneer Bank made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: AIRPORTS, FLYING FIELDS, AND TERMINAL SERVICES SBA Loan Lender PIONEER BANK 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 4581 - Airports, Flying Fields, and Terminal Services NAICS Code 488190 - Support Activities for Air Transportation Loan Approval Date 9/22/2003 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding - Getting Venture Capital Small Bank Loans in Saint James, Minnesota Find an SBA Lender in Minnesota
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