Quick Printing Commercial Loans

With these commercial loans for quick printing, the SBA guarantees the lender that the loan will be repaid. This quick printing loan for $60,700 was given to a Minnesota entrepreneur in 2001.

Getting a small business loan in Coleraine, Minnesota was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Coleraine, operating out of Coleraine, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
COLERAINE, MN 55722

SBA Loan Lender

1ST NATIONAL BANK - COLERAINE
W HWY 169
COLERAINE, MN 55722

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

NAICS Code

323114 - Quick Printing

Loan Approval Date

4/27/2001

Loan Approval Gross Amount

$60,700

Loan Approval from the SBA

Of the total $60,700 loan amount, the SBA guaranteed $51,595.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank - Coleraine and they will explain how you can get an SBA loan for your company.

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:

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Small Business Banks in Coleraine, Minnesota

SBA Participating Banks in Minnesota