Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Business Loans for Champlin Entrepreneurs

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Custom Computer Programming Services

Looking for loans for custom computer programming services? The SBA may be the answer. This $50,000 custom computer programming services loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Kleinbank, out of Big Lake, Minnesota. The loan was granted and they received $50,000 to help grow their Champlin, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES
CHAMPLIN, MN 55316

SBA Loan Lender

KLEINBANK
611 ROSE DR
BIG LAKE, MN 55318

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541511 - Custom Computer Programming Services

Loan Approval Date

8/12/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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:

Attracting Investors

Banks in Big Lake, Minnesota

Find an SBA Lender in Minnesota