Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Examples of Benson SBA Loans

 

 
Loan Census SBA Loan Info

Loans for Commercial Printing

With these loans for commercial printing, the SBA guarantees the lender that the loan will be repaid. This commercial printing loan for $65,800 was given to a Minnesota entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Benson, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of The West, based in Salt Lake City, Utah.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
BENSON, MN 56215

SBA Loan Lender

BANK OF THE WEST
142 EAST 200 SOUTH
SALT LAKE CITY, UT 84111

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323119 - Commercial Printing

Loan Approval Date

3/22/2002

Loan Approval Gross Amount

$65,800

Loan Approval from the SBA

Of the total $65,800 loan amount, the SBA guaranteed $55,930.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Business Credit Evaluation

Best Salt Lake City, Utah Banks for Small Business

Browse All Business Loan Sources for Utah