Wayzata, Minnesota Bank Lends Money to Groceries And Related Products Company in St Louis Park, Minnesota
Thinking about meeting with a Wayzata, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Wayzata bank, that was approved by the SBA.
Applying for an SBA loan with Anchor Bank worked out well for our friends at one local firm in St Louis Park, Minnesota. The business was able to get an SBA loan for $50,000. Nice!
SBA Loan Borrower
COMPANY TYPE: GROCERIES AND RELATED PRODUCTS
ST LOUIS PARK, MN 55416
SBA Loan Lender
ANCHOR BANK
1055 E WAYZATA BLVD EAST
WAYZATA, MN 55391
This bank 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.
SIC Code
5149 - Groceries and Related Products
Loan Approval Date
9/25/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
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 2 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
Alternative Financing
Where to Get an SBA Loan in Wayzata, Minnesota
Getting an SBA Loan in Minnesota