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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Farmington, Business Loans > Premier Bank Minnesota Farmington Business Loans > Real Estate Appraisers Loan | ||||
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SBA Lenders Minnesota
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Farmington, Minnesota Lender Lends Money to Real Estate Appraisers CompanyA Farmington, Minnesota small business loan can be yours. Learn how one firm got a $185,000 business loan from this Minnesota bank. This loan to a local firm is a good example of an SBA loan. Premier Bank Minnesota 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: REAL ESTATE APPRAISERS SBA Loan Lender PREMIER BANK MINNESOTA This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 531320 - Real Estate Appraisers Loan Approval Date 3/22/2007 Loan Approval Gross Amount $185,000 Loan Approval from the SBA Of the total $185,000 loan amount, the SBA guaranteed $92,500. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Find an SBA Lender in Farmington, Minnesota
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