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May 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Foley, Business Loans > Falcon National Bank Foley Business Loans > Lessors Of Nonresidential Buildings Loan | ||||
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How Hard Is It to Get a Small Business Loan in St. Cloud, Minnesota?
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Loans for Lessors of Nonresidential BuildingsLooking for loans for lessors of nonresidential buildings? Talk to a banker who works with the SBA. This $130,000 lessors of nonresidential buildings loan was issued by a Minnesota bank. This small firm knew how to go about getting a business bank loan. Based in St. Cloud, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Falcon National Bank, based in Foley, Minnesota. SBA Loan Borrower COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS SBA Loan Lender FALCON NATIONAL BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 531120 - Lessors of Nonresidential Buildings Loan Approval Date 11/15/2006 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $65,000. 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 8 employees. The loan application indicated that the loan would help generate 1 new job and retain 9 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Participating Banks in Foley, Minnesota
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