Browns Valley, Minnesota Bank Lends Money to Hardware Stores Company in Browns Valley, Minnesota

Get to know Browns Valley, Minnesota banks that specialize in SBA loans and know how to work with entrepreneurs. Union State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Browns Valley, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Union State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
BROWNS VALLEY, MN 56219

SBA Loan Lender

UNION STATE BANK
325 W BROADWAY
BROWNS VALLEY, MN 56219

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 5 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Browns Valley MN, you ought to talk with a local Browns Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Browns Valley businesses.

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 $140,000 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:

Startup Funding Tip

Best Banks in Browns Valley, Minnesota

Browse All Business Loan Sources for Minnesota