Evansville, Minnesota Bank Gives SBA Loan to Eating Places Company

Want to talk with an Evansville, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by an Evansville bank, that was approved by the SBA.

Applying for an SBA loan with First Security Bank - Evansville worked out well for our friends at one local business in Evansville, Minnesota. They got an SBA loan for $132,500. Way to go!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
EVANSVILLE, MN 56326

SBA Loan Lender

FIRST SECURITY BANK - EVANSVILLE
303 KRON ST
EVANSVILLE, MN 56326

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/4/2001

Loan Approval Gross Amount

$132,500

Loan Approval from the SBA

Of the total $132,500 loan amount, the SBA guaranteed $112,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business promised to use the loan proceeds to add employees 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 company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Evansville, Minnesota

SBA Lenders in Minnesota