Financing for Meat Markets

Looking for commercial loans for meat markets? Try the SBA. This $30,000 meat markets loan was issued by a Minnesota bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Security St. Bank - Maple Lake, out of Maple Lake, Minnesota. The loan was granted and they received $30,000 to help grow their Annandale, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: MEAT MARKETS
ANNANDALE, MN 55302

SBA Loan Lender

SECURITY ST. BANK - MAPLE LAKE
100 STATE HWY 55 EAST
MAPLE LAKE, MN 55358

This business 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

445210 - Meat Markets

Loan Approval Date

4/27/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security St. Bank - Maple Lake had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security St. Bank - Maple Lake made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

SBIR Funding

Where to Get an SBA Loan in Maple Lake, Minnesota

Where to Get an SBA Loan Minnesota