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May 16, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Wadena, Business Loans > First National Bank In Wadena Wadena Business Loans > Flower, Nursery Stock, And Florists' Supplies Merchant Wholesalers Loan | ||||
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Small Business Banks That Lend to Wadena Businesses
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Minnesota Business Loan Issued to Flower, Nursery Stock, And Florists' Supplies Merchant Wholesalers CompanyMinnesotaBank loans are available to Minnesota firms through the SBA. In this case, a Minnesota bank provides the loan. This business, based in Wadena, Minnesota, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First National Bank In Wadena. We've got the inside scoop on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender FIRST NATIONAL BANK IN WADENA This SBA 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 424930 - Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers Loan Approval Date 3/2/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 37 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank In Wadena so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 - How to Decide How Much to Raise SBA Participating Banks in Wadena, Minnesota Find an SBA Lender in Minnesota
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