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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Buhl, Business Loans > 1st National Bank - Buhl Buhl Business Loans > Motor Vehicle Towing Loan | ||||
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Cotton, Minnesota Bank Loan
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Borrowing Money for Motor Vehicle TowingLooking for small business loans for motor vehicle towing? The SBA may be the answer. This $58,500 motor vehicle towing loan was issued by a Minnesota bank. This small firm knew how to go about getting a business bank loan. Based in Cotton, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was 1st National Bank - Buhl, based in Buhl, Minnesota. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE TOWING SBA Loan Lender 1ST NATIONAL BANK - BUHL The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 488410 - Motor Vehicle Towing Loan Approval Date 9/22/2006 Loan Approval Gross Amount $58,500 Loan Approval from the SBA Of the total $58,500 loan amount, the SBA guaranteed $29,250. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Cotton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: The Friends and Family Network Small Business Banks in Buhl, Minnesota
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