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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Buhl, Business Loans > 1st National Bank - Buhl Buhl Business Loans > Full-Service Restaurants Loan | ||||
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Minnesota Bank SBA Loans
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Buhl, Minnesota Bank Lends Money to Full-Service Restaurants Company in Gilbert, MinnesotaA Buhl, Minnesota small business loan can be yours. Learn how one firm got a $1,108,350 business loan from this Minnesota bank. This loan to an entrepreneur is a good example of an SBA loan. 1st National Bank - Buhl made the loan and the SBA guaranteed a portion of the loan. Many other Minnesota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender 1ST NATIONAL BANK - BUHL This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/27/2007 Loan Approval Gross Amount $1,108,350 Loan Approval from the SBA Of the total $1,108,350 loan amount, the SBA guaranteed $831,263. 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 15 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Participating Banks in Buhl, Minnesota
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