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May 8, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > Eating Places Loan | ||||
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Minnesota Bank SBA Loans
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Wells Fargo Bank SBA Loan to Eating Places CompanyLooking to get an Iowa SBA loan? Here's one Iowa business loan that was approved by the SBA. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wells Fargo Bank, out of Minneapolis, Minnesota. The loan was granted and they received $765,900 to help grow their Marshalltown, Iowa business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender WELLS FARGO BANK This lender provides SBA small business 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. SIC Code 5812 - Eating Places Loan Approval Date 6/13/2000 Loan Approval Gross Amount $765,900 Loan Approval from the SBA Of the total $765,900 loan amount, the SBA guaranteed $574,425. 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 39 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 39 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Marshalltown IA, you ought to talk with a local Marshalltown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marshalltown businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $765,900 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Minneapolis, Minnesota Loans Browse All Business Loan Sources for Minnesota
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