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May 4, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Las Vegas, Business Loans > M&i Bank Fsb Las Vegas Business Loans > Farm Supplies Merchant Wholesalers Loan | ||||
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M&i Bank Fsb Business Loan
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SBA Loan from M&i Bank Fsb Helps Farm Supplies Merchant Wholesalers CompanyM&i Bank Fsb has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with M&i Bank Fsb, out of Las Vegas, Nevada. The loan was granted and they received $1,600,000 to help grow their Loretto, Minnesota business. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender M&I BANK FSB As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424910 - Farm Supplies Merchant Wholesalers Loan Approval Date 10/31/2007 Loan Approval Gross Amount $1,600,000 Loan Approval from the SBA Of the total $1,600,000 loan amount, the SBA guaranteed $1,440,000. 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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Loretto MN, you ought to talk with a local Loretto SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Loretto businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Bank Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Find an SBA Lender in Las Vegas, Nevada Where to Get an SBA Loan Nevada
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