Graphic Design Services SBA Loans

With these SBA loans for graphic design services, the SBA guarantees the lender that the loan will be repaid. This graphic design services loan for $112,150 was given to a Minnesota entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Austin, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Farmers & Merchants St. Bank - B, based in Blooming Prairie, Minnesota.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN
AUSTIN, MN 55912

SBA Loan Lender

FARMERS & MERCHANTS ST. BANK - B
245 E MAIN
BLOOMING PRAIRIE, MN 55917

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.

SIC Code

7336 - Commercial Art and Graphic Design

NAICS Code

541430 - Graphic Design Services

Loan Approval Date

11/24/2003

Loan Approval Gross Amount

$112,150

Loan Approval from the SBA

Of the total $112,150 loan amount, the SBA guaranteed $95,327.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $112,150 loan. Remember, things become real when you believe you can achieve them!

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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