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November 24, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Caterers Loan | ||||
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We Needed a Commercial Loan in Deephaven, Minnesota and We Got One!
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Caterers LoansWith these loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $40,000 was given to a Minnesota entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Deephaven, Minnesota was able to borrow $40,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $20,000 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 722320 - Caterers Loan Approval Date 4/18/2006 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Bank Loans in Cincinnati, Ohio
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