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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Cokato, Business Loans > State Bank Of Cokato Cokato Business Loans > Fuel Dealers Loan | ||||
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Small Business Banks for Cokato Small Businesses
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Financing for Fuel DealersLooking for loans for fuel dealers? Talk to a banker who works with the SBA. This $193,000 fuel dealers loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cokato, Minnesota was able to borrow $193,000 from State Bank Of Cokato. The SBA made the loan possible by guaranteeing $96,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: FUEL DEALERS SBA Loan Lender STATE BANK OF COKATO This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 454319 - Fuel Dealers Loan Approval Date 5/30/2003 Loan Approval Gross Amount $193,000 Loan Approval from the SBA Of the total $193,000 loan amount, the SBA guaranteed $96,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help generate 2 new jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $193,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Where to Get an SBA Loan in Cokato, Minnesota
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