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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Hinckley, Business Loans > Woodlands National Bank Hinckley Business Loans > Certified Public Accountants Loan | ||||
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Woodlands National Bank
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Woodlands National Bank SBA Loan to Certified Public Accountants CompanyWoodlands National Bank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Buffalo, Minnesota, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Woodlands National Bank, based in Hinckley, Minnesota. SBA Loan Borrower COMPANY TYPE: CERTIFIED PUBLIC ACCOUNTANTS SBA Loan Lender WOODLANDS NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541211 - Certified Public Accountants Loan Approval Date 12/8/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 8 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Woodlands National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: A Company That Helps Entrepreneurs SBA Participating Banks in Hinckley, Minnesota
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