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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Barrett, Business Loans > Star Bank Barrett Business Loans > Animal Specialty Services Loan | ||||
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How to Get a Small Business Loan in Elbow Lake, Minnesota
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Elbow Lake, Minnesota Entrepreneur Gets an SBA LoanMinnesotaBusiness loans are available to Minnesota business owners through the SBA. In this case, a Minnesota bank provides the loan. You can learn something about getting a small business loan in Elbow Lake, Minnesota by studying this loan to a local business, made back in 2003. Banks like Star Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: ANIMAL SPECIALTY SERVICES SBA Loan Lender STAR BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0752 - Animal Specialty Services NAICS Code 812910 - Pet Care Services Loan Approval Date 4/17/2003 Loan Approval Gross Amount $31,000 Loan Approval from the SBA Of the total $31,000 loan amount, the SBA guaranteed $26,350. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business 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 provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Star Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Star Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Banks for Barrett, Minnesota Loans Where to Get an SBA Loan Minnesota
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