International Falls, Minnesota Bank Lends Money to Confectionery Company in International Falls, Minnesota

Want to talk with an International Falls, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by an International Falls bank, that was approved by the SBA.

Applying for an SBA loan with Border State Bank worked out well for our friends at one local firm in International Falls, Minnesota. They received an SBA loan for $124,860. Awesome!

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY
INTERNATIONAL FALLS, MN 56649

SBA Loan Lender

BORDER STATE BANK
1414 HWY 71
INTERNATIONAL FALLS, MN 56649

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5145 - Confectionery

NAICS Code

422450 - Confectionery Wholesalers

Loan Approval Date

3/12/2001

Loan Approval Gross Amount

$124,860

Loan Approval from the SBA

Of the total $124,860 loan amount, the SBA guaranteed $106,131.

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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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