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November 21, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Membership Organizations Loan | ||||
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Minnesota Bank SBA Loans
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Associated Bank SBA Loan to Membership Organizations CompanyWant a Minnesota business loan? Here's one Minnesota business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Golden Valley, Minnesota, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Associated Bank, based in Minneapolis, Minnesota. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP ORGANIZATIONS SBA Loan Lender ASSOCIATED BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 8699 - Membership Organizations Loan Approval Date 8/24/2000 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $22,500. 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 35 employees. This SBA loan request indicated that the loan would help retain 35 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Good Banks for Small Business in Minneapolis, Minnesota Getting a Business Loan in Minnesota
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