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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Louis Park, Business Loans > Bremer Bank Saint Louis Park Business Loans > Personal Services Loan | ||||
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Minnesota SBA Banks
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Saint Louis Park, Minnesota Bank Gives SBA Loan to Personal Services CompanyFind Saint Louis Park, Minnesota banks that specialize in small business loans and know how to work with entrepreneurs. Bremer Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Bloomington, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Bremer Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender BREMER BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812990 - Personal Services Loan Approval Date 8/28/2002 Loan Approval Gross Amount $249,500 Loan Approval from the SBA Of the total $249,500 loan amount, the SBA guaranteed $187,125. 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Who Lends Money to Small Businesses in Saint Louis Park, Minnesota
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