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May 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Oakdale, Business Loans > Western Bank Oakdale Business Loans > Business Services Loan | ||||
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SBA Lender Oakdale
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Oakdale, Minnesota Business Gets SBA-Guaranteed Funding from Western BankAn SBA loan from Western Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Oakdale, Minnesota business owner got a $60,000 loan. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Western Bank, out of Oakdale, Minnesota. The loan was granted and they received $60,000 to help grow their Oakdale, Minnesota business. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender WESTERN BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 541490 - Specialized Design Services Loan Approval Date 8/19/2002 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 a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $60,000. How would you spend $60,000 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: Best Banks in Oakdale, Minnesota
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