Albert Lea, Minnesota Bank Lends Money to Pet And Pet Supplies Stores Company in Albert Lea, Minnesota

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

Applying for an SBA loan with Security Bank Minnesota worked out well for our friends at one local firm in Albert Lea, Minnesota. They got an SBA loan for $90,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: PET AND PET SUPPLIES STORES
ALBERT LEA, MN 56007

SBA Loan Lender

SECURITY BANK MINNESOTA
437 BRIDGE AVE
ALBERT LEA, MN 56007

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

1/20/2005

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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