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May 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Golden Valley, Business Loans > Venture Bank Golden Valley Business Loans > Nondurable Goods Merchant Wholesalers Loan | ||||
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Venture Bank SBA Loans
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Borrowing Money for Nondurable Goods Merchant WholesalersLooking for small business loans for nondurable goods merchant wholesalers? The SBA may be the answer. This $150,000 nondurable goods merchant wholesalers loan was issued by a Minnesota bank. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Venture Bank, out of Golden Valley, Minnesota. The loan was granted and they received $150,000 to help grow their West St Paul, Minnesota business. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender VENTURE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424990 - Nondurable Goods Merchant Wholesalers Loan Approval Date 9/27/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 21 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 7A Banks for Golden Valley, Minnesota Loans Browse All Business Loan Sources for Minnesota
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