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November 21, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > East Greenwich, Business Loans > Independence Bank East Greenwich Business Loans > Golf Courses And Country Clubs Loan | ||||
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Getting a Business Loan from Independence Bank
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Independence Bank SBA Loan to Golf Courses And Country Clubs CompanyAn SBA loan from Independence Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Faribault, Minnesota business owner got a $544,000 loan. Getting a small business loan in Faribault, Minnesota was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Independence Bank, operating out of East Greenwich, Rhode Island. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS SBA Loan Lender INDEPENDENCE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713910 - Golf Courses and Country Clubs Loan Approval Date 5/4/2004 Loan Approval Gross Amount $544,000 Loan Approval from the SBA Of the total $544,000 loan amount, the SBA guaranteed $408,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $544,000. How would you spend $544,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Who Lends Money to Small Businesses in East Greenwich, Rhode Island
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