Eagan, Minnesota Entrepreneur Gets a Bank Loan

Would a Minnesota business loan help your company expand? If so, you may want to talk with this Ohio bank, which offers SBA loans to Minnesota entrepreneurs.

You can learn something about getting a small business loan in Eagan, Minnesota by studying this loan to a local business, made back in 2003. Banks like U.S. Bank National Association may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
EAGAN, MN 55122

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

5/16/2003

Loan Approval Gross Amount

$1,586,500

Loan Approval from the SBA

Of the total $1,586,500 loan amount, the SBA guaranteed $999,986.

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 45 employees. This SBA loan request indicated that the loan would help retain 45 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Banking Deregulation's Effects on Entrepreneurship

Find an SBA Lender in Cincinnati, Ohio

Ohio SBA Banks