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December 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Waverly, Business Loans > Citizens St. Bank - Waverly (inc Waverly Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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Howard Lake, Minnesota Bank Loan
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Bank Loans for Plumbing, Heating, and Air-Conditioning ContractorsLooking for bank loans for plumbing, heating, and air-conditioning contractors? Try the SBA. This $68,600 plumbing, heating, and air-conditioning contractors loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Howard Lake, Minnesota was able to borrow $68,600 from Citizens St. Bank - Waverly (inc. The SBA made the loan possible by guaranteeing $58,310 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender CITIZENS ST. BANK - WAVERLY (INC This 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 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 7/11/2006 Loan Approval Gross Amount $68,600 Loan Approval from the SBA Of the total $68,600 loan amount, the SBA guaranteed $58,310. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $68,600. How would you spend $68,600 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: Obtaining Funding - Getting Venture Capital Find an SBA Lender in Waverly, Minnesota Find an SBA Lender in Minnesota
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