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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minnetonka, Business Loans > First Minnesota Bank Minnetonka Business Loans > Digital Printing Loan | ||||
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Minnesota Bank SBA Loans
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Minnetonka, Minnesota Lender Lends Money to Digital Printing CompanyGet to know Minnetonka, Minnesota banks that specialize in SBA loans and know how to work with entrepreneurs. First Minnesota Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Rogers, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First Minnesota Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: DIGITAL PRINTING SBA Loan Lender FIRST MINNESOTA BANK This loan for a small business 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 323115 - Digital Printing Loan Approval Date 10/22/2004 Loan Approval Gross Amount $194,400 Loan Approval from the SBA Of the total $194,400 loan amount, the SBA guaranteed $145,800. 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 52 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Minnetonka, Minnesota
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