 |
 |
May 18, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Plainview, Business Loans > Peoples St. Bank - Plainview Plainview Business Loans > Siding Contractors Loan | ||||
 |
||||
Plainview SBA Lenders
|
||||
 |
Entrepreneur Works With Plainview, Minnesota Bank to Get an SBA LoanA Plainview, Minnesota business loan can be yours. Learn how a business got a $50,000 business loan from this Minnesota bank. This loan to an entrepreneur is a good example of an SBA loan. Peoples St. Bank - Plainview made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: SIDING CONTRACTORS SBA Loan Lender PEOPLES ST. BANK - PLAINVIEW This lender issued this particular small business loan 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. NAICS Code 238170 - Siding Contractors Loan Approval Date 3/30/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, feel the fear, and do it anyway. 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 Plainview, Minnesota Loans
|
|
||
|
||||
|
|
||||