Confectionery Merchant Wholesalers Business Loans

Looking for business loans for confectionery merchant wholesalers? The SBA may be the answer. This $182,500 confectionery merchant wholesalers loan was issued by a Minnesota bank.

Getting a small business loan in Deephaven, Minnesota was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Premier Bank, operating out of Maplewood, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY MERCHANT WHOLESALERS
DEEPHAVEN, MN 55391

SBA Loan Lender

PREMIER BANK
2866 WHITE BEAR AVE
MAPLEWOOD, MN 55109

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424450 - Confectionery Merchant Wholesalers

Loan Approval Date

9/16/2003

Loan Approval Gross Amount

$182,500

Loan Approval from the SBA

Of the total $182,500 loan amount, the SBA guaranteed $136,875.

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 40 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Premier Bank 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:

The Friends and Family Network

SBA Approved Banks in Maplewood, Minnesota

SBA Minnesota Lenders