Cokato, Minnesota Bank Lends Money to Full-Service Restaurants Company in Dassel, Minnesota

Get small business loans from a Cokato, Minnesota bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

State Bank Of Cokato is a Cokato, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
DASSEL, MN 55325

SBA Loan Lender

STATE BANK OF COKATO
101 E 3RD ST
COKATO, MN 55321

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722110 - Full-Service Restaurants

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $36,000.

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 35 employees. The SBA loan application for the borrower indicated that the loan would help generate 35 new jobs and retain 35 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Dassel MN, you ought to talk with a local Dassel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dassel businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank Of Cokato had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank Of Cokato made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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