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May 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Cambridge, Business Loans > Peoples Bank Of Commerce Cambridge Business Loans > Periodicals Publishing Loan | ||||
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How to Get SBA Loans in Stanchfield, Minnesota
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Raising Money for Periodical PublishersLooking for bank loans for periodical publishers? Try the SBA. This $432,000 periodical publishers loan was issued by a Minnesota bank. This company knew how to go about getting a business bank loan. Based in Stanchfield, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Peoples Bank Of Commerce, based in Cambridge, Minnesota. SBA Loan Borrower COMPANY TYPE: PERIODICALS PUBLISHING SBA Loan Lender PEOPLES BANK OF COMMERCE SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2721 - Periodicals Publishing NAICS Code 511120 - Periodical Publishers Loan Approval Date 2/23/2001 Loan Approval Gross Amount $432,000 Loan Approval from the SBA Of the total $432,000 loan amount, the SBA guaranteed $324,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Stanchfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: The Friends and Family Network
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