Entrepreneur Works With Alexandria, Minnesota Bank to Get an SBA Loan

Get to know Alexandria, Minnesota banks that specialize in business loans and know how to work with entrepreneurs. Viking Savings Association F.A is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in St. Cloud, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Viking Savings Association F.A. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
ST. CLOUD, MN 56304

SBA Loan Lender

VIKING SAVINGS ASSOCIATION F.A
1311 BROADWAY
ALEXANDRIA, MN 56308

This debt financing 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

339111 -

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$72,700

Loan Approval from the SBA

Of the total $72,700 loan amount, the SBA guaranteed $36,350.

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 indicated that the borrowed money would help generate 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Accountant's Role in Securing Financing

SBA Participating Banks in Alexandria, Minnesota

Where to Get an SBA Loan Minnesota