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May 11, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Golden Valley, Business Loans > Central Bank Golden Valley Business Loans > Signs And Advertising Specialties Loan | ||||
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SBA Lenders for Maple Grove Businesses
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Advertising Agencies Business LoansLooking for business loans for advertising agencies? The SBA may be the answer. This $100,000 advertising agencies loan was issued by a Minnesota bank. This business knew how to go about getting a business bank loan. Based in Maple Grove, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Central Bank, based in Golden Valley, Minnesota. SBA Loan Borrower COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES SBA Loan Lender CENTRAL 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 3993 - Signs and Advertising Specialties NAICS Code 541810 - Advertising Agencies Loan Approval Date 12/18/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $100,000. How would you spend $100,000 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: Find an SBA Lender in Golden Valley, Minnesota Getting an SBA Loan in Minnesota
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