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December 30, 2024  
 
 
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Jeffers SBA Lenders

 

 
Loan Census SBA Loan Info

Jeffers, Minnesota Lender Lends Money to Single Family Housing Construction Company

Get small business loans from a Jeffers, Minnesota bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

State Bank Of Jeffers is a Jeffers, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company.

SBA Loan Borrower

COMPANY TYPE: SINGLE FAMILY HOUSING CONSTRUCTION
JEFFERS, MN 56145

SBA Loan Lender

STATE BANK OF JEFFERS
102 E WHITED ST
JEFFERS, MN 56145

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

233210 - Single Family Housing Construction

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$171,500

Loan Approval from the SBA

Of the total $171,500 loan amount, the SBA guaranteed $128,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State Bank Of Jeffers and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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SBA 7A Banks for Jeffers, Minnesota Loans

Minnesota SBA 7A Lenders