Small Business Loans for Hunting and Trapping

Looking for small business loans for hunting and trapping? The SBA may be the answer. This $1,111,154 hunting and trapping loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dalton, Minnesota was able to borrow $1,111,154 from Farmers St. Bank - Underwood. The SBA made the loan possible by guaranteeing $833,366 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: HUNTING AND TRAPPING
DALTON, MN 56324

SBA Loan Lender

FARMERS ST. BANK - UNDERWOOD
105 W MAIN ST
DALTON, MN 56324

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

114210 - Hunting and Trapping

Loan Approval Date

5/15/2003

Loan Approval Gross Amount

$1,111,154

Loan Approval from the SBA

Of the total $1,111,154 loan amount, the SBA guaranteed $833,366.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Farmers St. Bank - Underwood 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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Best Dalton, Minnesota Banks for Small Business

Where to Get an SBA Loan Minnesota