Cincinnati, Ohio Bank Lends Money to Professional, Scientific, And Technical Services Company in Lake Elmo, Minnesota
Thinking about meeting with a Cincinnati, Ohio bank about an SBA loan? Here's one Minnesota business loan, issued by a Cincinnati bank, that was approved by the SBA.
Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local company in Lake Elmo, Minnesota. They received an SBA loan for $200,200. Nice!
SBA Loan Borrower
COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
LAKE ELMO, MN 55047
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541990 - Professional, Scientific, and Technical Services
Loan Approval Date
2/22/2006
Loan Approval Gross Amount
$200,200
Loan Approval from the SBA
Of the total $200,200 loan amount, the SBA guaranteed $150,150.
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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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