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December 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Waverly, Business Loans > Citizens St. Bank - Waverly (inc Waverly Business Loans > Adjustment And Collection Services Loan | ||||
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Citizens St. Bank - Waverly (inc Loans
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Borrowing Money for Collection AgenciesWith these loans for collection agencies, the SBA guarantees the lender that the loan will be repaid. This collection agencies loan for $142,000 was given to a Minnesota entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Buffalo, Minnesota was able to borrow $142,000 from Citizens St. Bank - Waverly (inc. The SBA made the loan possible by guaranteeing $120,700 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: ADJUSTMENT AND COLLECTION SERVICES SBA Loan Lender CITIZENS ST. BANK - WAVERLY (INC This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7322 - Adjustment and Collection Services NAICS Code 561440 - Collection Agencies Loan Approval Date 12/2/2002 Loan Approval Gross Amount $142,000 Loan Approval from the SBA Of the total $142,000 loan amount, the SBA guaranteed $120,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks in Waverly, Minnesota
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