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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Ely, Business Loans > Boundary Waters Bank Ely Business Loans > Car Washes Loan | ||||
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How Do We Get a Business Loan in Chaska, Minnesota?
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Raising Money for Car WashesLooking for bank loans for car washes? An SBA loan may be just what you've been looking for. This $44,500 car washes loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chaska, Minnesota was able to borrow $44,500 from Boundary Waters Bank. The SBA made the loan possible by guaranteeing $37,825 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BOUNDARY WATERS BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 10/5/2004 Loan Approval Gross Amount $44,500 Loan Approval from the SBA Of the total $44,500 loan amount, the SBA guaranteed $37,825. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $44,500 loan. Remember, feel the fear, and do it anyway. 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: Obtaining Funding - How to Decide How Much to Raise Small Business Banks in Ely, Minnesota
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