Bank Loans for Surveying and Mapping Services

Looking for bank loans for surveying and mapping services? The SBA may be the answer. This $465,000 surveying and mapping services loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Anchor Bank, out of Wayzata, Minnesota. The loan was granted and they received $465,000 to help grow their Eagan, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: SURVEYING AND MAPPING SERVICES
EAGAN, MN 55121

SBA Loan Lender

ANCHOR BANK
1055 E WAYZATA BLVD EAST
WAYZATA, MN 55391

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541370 - Surveying and Mapping Services

Loan Approval Date

11/16/2005

Loan Approval Gross Amount

$465,000

Loan Approval from the SBA

Of the total $465,000 loan amount, the SBA guaranteed $348,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 33 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

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SBA 7A Lenders in Wayzata, Minnesota

SBA Participating Banks in Minnesota