Borrowing Money for Hunting and Trapping

With these loans for hunting and trapping, the SBA guarantees the lender that the loan will be repaid. This hunting and trapping loan for $137,000 was given to a Minnesota entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Kiester, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was State Bank Of Bricelyn, based in Bricelyn, Minnesota.

SBA Loan Borrower

COMPANY TYPE: TIMBER TRACTS
KIESTER, MN 56051

SBA Loan Lender

STATE BANK OF BRICELYN
219 N MAIN ST
BRICELYN, MN 56014

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0811 - Timber Tracts

NAICS Code

114210 - Hunting and Trapping

Loan Approval Date

10/11/2002

Loan Approval Gross Amount

$137,000

Loan Approval from the SBA

Of the total $137,000 loan amount, the SBA guaranteed $116,450.

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 business planned to use the loan proceeds to hire new 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.

We can help you find the best banks for small businesses in Kiester 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.

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