First Security Bank - Evansville SBA Loan to General Merchandise Stores Company

An SBA loan from First Security Bank - Evansville typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Evansville, Minnesota business owner got a $110,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Evansville, Minnesota was able to borrow $110,000 from First Security Bank - Evansville. The SBA made the loan possible by guaranteeing $82,500 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
EVANSVILLE, MN 56326

SBA Loan Lender

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

This lender issued this particular business 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

5399 - General Merchandise Stores

Loan Approval Date

5/31/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

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 3 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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:

Debt Financing

Where to Get an SBA Loan in Evansville, Minnesota

Minnesota SBA Banks