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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maple Grove, Business Loans > Highland Bank Maple Grove Business Loans > Durable Goods Merchant Wholesalers Loan | ||||
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Minnesota Bank SBA Loans
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Maple Grove, Minnesota Bank Lends Money to Durable Goods Merchant Wholesalers Company in Burnsville, MinnesotaThinking about meeting with a Maple Grove, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Maple Grove bank, that was approved by the SBA. Applying for an SBA loan with Highland Bank worked out well for our friends at one local firm in Burnsville, Minnesota. They got an SBA loan for $433,000. Nice! SBA Loan Borrower COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender HIGHLAND BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423990 - Durable Goods Merchant Wholesalers Loan Approval Date 9/19/2007 Loan Approval Gross Amount $433,000 Loan Approval from the SBA Of the total $433,000 loan amount, the SBA guaranteed $324,750. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Small Business Banks in Maple Grove, Minnesota Getting an SBA Loan in Minnesota
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