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May 13, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > South Saint Paul, Business Loans > Bremer Bank South Saint Paul Business Loans > Insurance Agencies And Brokerages Loan | ||||
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Banks in South Saint Paul, Minnesota That Make SBA Loans
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South Saint Paul, Minnesota Bank Lends Money to Insurance Agencies And Brokerages Company in Maple Grove, MinnesotaWant to talk with a South Saint Paul, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a South Saint Paul bank, that was approved by the SBA. Applying for an SBA loan with Bremer Bank worked out well for our friends at one local company in Maple Grove, Minnesota. They received an SBA loan for $587,700. Sweet! SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender BREMER BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 6/16/2006 Loan Approval Gross Amount $587,700 Loan Approval from the SBA Of the total $587,700 loan amount, the SBA guaranteed $440,775. 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 indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $587,700. How would you spend $587,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best South Saint Paul, Minnesota Banks for Small Business Getting a Business Loan in Minnesota
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