SBA Loans for Baked Goods Stores

Looking for SBA loans for baked goods stores? Talk to a banker who works with the SBA. This $10,000 baked goods stores loan was issued by a Minnesota bank.

Getting a small business loan in Lake Crystal, Minnesota was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Minnstar Bank, operating out of Lake Crystal, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: BAKED GOODS STORES
LAKE CRYSTAL, MN 56055

SBA Loan Lender

MINNSTAR BANK
202 N MAIN ST
LAKE CRYSTAL, MN 56055

This SBA 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

445291 - Baked Goods Stores

Loan Approval Date

5/18/2004

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Minnstar Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Minnstar Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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