Firm Gets a Minnesota Bank Loan
MinnesotaSmall business loans are available to Minnesota small business owners through the SBA. In this case, a California bank provides the loan.
You can learn something about getting a small business loan in Canby, Minnesota by studying this loan to a local company, made back in 2001. Banks like Wachovia Sba Lending, Inc. may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS
CANBY, MN 56220
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8042 - Offices and Clinics of Optometrists
NAICS Code
621320 - Optometrists
Loan Approval Date
4/16/2001
Loan Approval Gross Amount
$562,000
Loan Approval from the SBA
Of the total $562,000 loan amount, the SBA guaranteed $421,500.
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 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wachovia Sba Lending, Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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