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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Big Lake, Business Loans > Kleinbank Big Lake Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
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Banks Doing SBA Loans in Minnesota
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Big Lake, Minnesota Bank Gives SBA Loan to Beer, Wine, And Liquor Stores CompanyA Big Lake, Minnesota small business loan can be yours. Learn how a business got a $500,000 business loan from this Minnesota bank. This loan to a local firm is a good example of an SBA loan. Kleinbank made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES SBA Loan Lender KLEINBANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 10/29/2004 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 only one employee. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kleinbank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kleinbank 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: SBA 7A Lenders in Big Lake, Minnesota Getting an SBA Loan in Minnesota
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