Minnetonka, Minnesota Bank Gives SBA Loan to Physicians Company

Thinking about meeting with a Minnetonka, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Minnetonka bank, that was approved by the SBA.

Applying for an SBA loan with First Minnesota Bank worked out well for our friends at one local business in Coon Rapids (rr Name Coon Cree, Minnesota. They got an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
COON RAPIDS (RR NAME COON CREE, MN 55433

SBA Loan Lender

FIRST MINNESOTA BANK
4625 COUNTY RD 101
MINNETONKA, MN 55345

This lender processed this SBA business 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

621111 - Physicians

Loan Approval Date

10/26/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 17 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 17 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Coon Rapids (rr Name Coon Cree MN, you ought to talk with a local Coon Rapids (rr Name Coon Cree SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coon Rapids (rr Name Coon Cree businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Minnesota Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Line of Credit

SBA Approved Banks in Minnetonka, Minnesota

Getting an SBA Loan in Minnesota