Financing for Septic Tank and Related Services

Looking for loans for septic tank and related services? An SBA loan may be just what you've been looking for. This $43,700 septic tank and related services loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Converse, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Stearns Bank, based in Saint Cloud, Minnesota.

SBA Loan Borrower

COMPANY TYPE: EQUIPMENT RENTAL AND LEASING
CONVERSE, IN 46919

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

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

7359 - Equipment Rental and Leasing

NAICS Code

562991 - Septic Tank and Related Services

Loan Approval Date

2/14/2002

Loan Approval Gross Amount

$43,700

Loan Approval from the SBA

Of the total $43,700 loan amount, the SBA guaranteed $37,145.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $43,700. How would you spend $43,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Investor Turnoffs

SBA Participating Banks in Saint Cloud, Minnesota

SBA Minnesota Banks