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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Otsego, Business Loans > Riverview Community Bank Otsego Business Loans > Pharmacies And Drug Stores Loan | ||||
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Small Business Banks for Osseo, Minnesota Businesses
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Financing for Pharmacies and Drug StoresLooking for commercial loans for pharmacies and drug stores? The SBA may be the answer. This $240,808 pharmacies and drug stores loan was issued by a Minnesota bank. This business knew how to go about getting a business bank loan. Based in Osseo, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Riverview Community Bank, based in Otsego, Minnesota. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES SBA Loan Lender RIVERVIEW COMMUNITY BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446110 - Pharmacies and Drug Stores Loan Approval Date 12/7/2004 Loan Approval Gross Amount $240,808 Loan Approval from the SBA Of the total $240,808 loan amount, the SBA guaranteed $180,606. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Business Banks in Otsego, Minnesota
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