Loan Census Banking News and Information
November 15, 2024  
 
 
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Isle, Minnesota Bank Loan

 

 
Loan Census SBA Loan Info

Borrowing Money for Home Centers

Looking for bank loans for home centers? An SBA loan may be just what you've been looking for. This $100,000 home centers loan was issued by a Minnesota bank.

Getting a small business loan in Isle, Minnesota was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Milaca, operating out of Milaca, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME CENTERS
ISLE, MN 56342

SBA Loan Lender

1ST NATIONAL BANK - MILACA
190 2ND AVE SW
MILACA, MN 56353

This SBA bank 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

444110 - Home Centers

Loan Approval Date

4/24/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 6 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Isle MN, you ought to talk with a local Isle SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Isle businesses.

We can help you find the best banks for small businesses in Isle 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:

Understanding Dilution

Best Banks for Small Business in Milaca, Minnesota

SBA Minnesota Banks