Fairmont, Minnesota Bank Lends Money to Beer, Wine, And Liquor Stores Company in Arnolds Park, Iowa

Want to talk with a Fairmont, Minnesota bank about a business loan? Here's one Iowa business loan, issued by a Fairmont bank, that was approved by the SBA.

Applying for an SBA loan with Bank Midwest Minnesota Iowa Na worked out well for our friends at one local firm in Arnolds Park, Iowa. They got an SBA loan for $135,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
ARNOLDS PARK, IA 51331

SBA Loan Lender

BANK MIDWEST MINNESOTA IOWA NA
118 DOWNTOWN PLAZA
FAIRMONT, MN 56031

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

12/14/2007

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Midwest Minnesota Iowa Na and they will explain how you can get an SBA loan for your company.

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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