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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Elk River, Business Loans > 1st National Bank - Elk River Elk River Business Loans > Cable Networks Loan | ||||
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Minnesota Small Business Funding
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Cable Networks LoansLooking for loans for cable networks? The SBA may be the answer. This $1,680,000 cable networks loan was issued by a Minnesota bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank - Elk River, out of Elk River, Minnesota. The loan was granted and they received $1,680,000 to help grow their Golden Valley, Minnesota business. SBA Loan Borrower COMPANY TYPE: CABLE NETWORKS SBA Loan Lender 1ST NATIONAL BANK - ELK RIVER 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 513210 - Cable Networks Loan Approval Date 1/22/2002 Loan Approval Gross Amount $1,680,000 Loan Approval from the SBA Of the total $1,680,000 loan amount, the SBA guaranteed $999,986. 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 11 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Golden Valley or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Elk River, Minnesota
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