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May 14, 2024  
 
 
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Loan Census SBA Loan Info

Eden Prairie, Minnesota Bank Lends Money to Offices And Clinics Of Dentists Company in St. Louis Park, Minnesota

Thinking about meeting with an Eden Prairie, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by an Eden Prairie bank, that was approved by the SBA.

Applying for an SBA loan with Voyager 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 $125,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
ST. LOUIS PARK, MN 55416

SBA Loan Lender

VOYAGER BANK
775 PRAIRIE CENTER DR
EDEN PRAIRIE, MN 55344

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

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

6/13/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

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 SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $125,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - Getting Venture Capital

Who Lends Money to Small Businesses in Eden Prairie, Minnesota

Minnesota SBA 7A Banks