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May 17, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Pine City, Business Loans > Horizon Bank Pine City Business Loans > Lawn And Garden Services Loan | ||||
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Banks Doing SBA Loans in Minnesota
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Pine City, Minnesota Bank Gives SBA Loan to Lawn And Garden Services CompanyWant to talk with a Pine City, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Pine City bank, that was approved by the SBA. Applying for an SBA loan with Horizon Bank worked out well for our friends at one local company in Saint Michael, Minnesota. They got an SBA loan for $43,500. Great job! SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender HORIZON BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 1/9/2003 Loan Approval Gross Amount $43,500 Loan Approval from the SBA Of the total $43,500 loan amount, the SBA guaranteed $36,975. 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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Horizon Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Pine City, Minnesota Loans Browse All Business Loan Sources for Minnesota
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