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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Eden Prairie, Business Loans > Voyager Bank Eden Prairie Business Loans > General Line Grocery Wholesalers Loan | ||||
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I Need a Small Business Loan in Eden Prairie, Minnesota
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Raising Money for General Line Grocery WholesalersLooking for business loans for general line grocery wholesalers? Try the SBA. This $690,000 general line grocery wholesalers loan was issued by a Minnesota bank. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Voyager Bank, out of Eden Prairie, Minnesota. The loan was granted and they received $690,000 to help grow their Eden Prairie, Minnesota business. SBA Loan Borrower COMPANY TYPE: GENERAL LINE GROCERY WHOLESALERS SBA Loan Lender VOYAGER BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422410 - General Line Grocery Wholesalers Loan Approval Date 7/3/2002 Loan Approval Gross Amount $690,000 Loan Approval from the SBA Of the total $690,000 loan amount, the SBA guaranteed $517,500. 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 75 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Participating Banks in Eden Prairie, Minnesota
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