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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Loretto, Business Loans > 21st Century Bank Loretto Business Loans > Home Furnishings Stores Loan | ||||
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Examples of Anoka SBA Loans
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Loans for Home Furnishings StoresLooking for loans for home furnishings stores? Try the SBA. This $75,000 home furnishings stores loan was issued by a Minnesota bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with 21st Century Bank, out of Loretto, Minnesota. The loan was granted and they received $75,000 to help grow their Anoka, Minnesota business. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender 21ST CENTURY BANK The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 442299 - Home Furnishings Stores Loan Approval Date 1/28/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Best Loretto, Minnesota Banks for Small Business
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