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November 24, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Sporting Goods Stores Loan | ||||
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Getting a Small Business Loan in Lakeville, Minnesota
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Minnesota Bank Loan Issued to Sporting Goods Stores CompanyLooking to get a Minnesota SBA loan? This Minnesota entrepreneur got an SBA loan, provided by a New Jersey bank that works with the SBA to help small business owners. Getting a small business loan in Lakeville, Minnesota was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Unity Bank. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender UNITY BANK This lender provides SBA business 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 451110 - Sporting Goods Stores Loan Approval Date 9/7/2006 Loan Approval Gross Amount $268,000 Loan Approval from the SBA Of the total $268,000 loan amount, the SBA guaranteed $201,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My 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. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Good Banks for Small Business in Clinton, New Jersey
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