How to Get a Loan for Nursing Care Facilities

Looking for business loans for nursing care facilities? The SBA may be the answer. This $570,000 nursing care facilities loan was issued by a Wisconsin bank.

Getting a small business loan in Edina, Minnesota was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from M&i Marshall & Ilsley Bank, operating out of Brookfield, Wisconsin. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
EDINA, MN 55439

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
3155 N 124TH ST
BROOKFIELD, WI 53005

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

1/20/2004

Loan Approval Gross Amount

$570,000

Loan Approval from the SBA

Of the total $570,000 loan amount, the SBA guaranteed $427,500.

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 43 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels 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.

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 M&i Marshall & Ilsley 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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Brookfield, Wisconsin

Where to Get an SBA Loan Wisconsin