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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Park Midway Bank Saint Paul Business Loans > Electronic Shopping Loan | ||||
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Park Midway Bank SBA Loans
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Getting an SBA Loan for Electronic ShoppingLooking for commercial loans for electronic shopping? Talk to a banker who works with the SBA. This $333,000 electronic shopping loan was issued by a Minnesota bank. This business knew how to go about getting a business bank loan. Based in Brooklyn Center, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Park Midway Bank, based in Saint Paul, Minnesota. SBA Loan Borrower COMPANY TYPE: ELECTRONIC SHOPPING SBA Loan Lender PARK MIDWAY BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454111 - Electronic Shopping Loan Approval Date 12/6/2007 Loan Approval Gross Amount $333,000 Loan Approval from the SBA Of the total $333,000 loan amount, the SBA guaranteed $249,750. 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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source 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 Park Midway Bank 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. Related Links: SBA Participating Banks in Saint Paul, Minnesota
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