Loans for Accounting Services

With these loans for accounting services, the SBA guarantees the lender that the loan will be repaid. This accounting services loan for $100,000 was given to a Minnesota entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Baxter, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Lakewood Bank, based in Baxter, Minnesota.

SBA Loan Borrower

COMPANY TYPE: ACCOUNTING SERVICES
BAXTER, MN 56425

SBA Loan Lender

LAKEWOOD BANK
14084 BAXTER DR, STE 16
BAXTER, MN 56425

This lender issued this particular business loan 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.

NAICS Code

541219 - Accounting Services

Loan Approval Date

7/13/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Find an SBA Lender in Baxter, Minnesota

SBA Minnesota Banks