Mainstreet Bank SBA Loan to Landscaping Services Company

An SBA loan from Mainstreet Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lindstrom, Minnesota business owner got a $55,000 loan.

Getting a small business loan in Lindstrom, Minnesota was an essential business goal for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Mainstreet Bank, operating out of Forest Lake, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
LINDSTROM, MN 55045

SBA Loan Lender

MAINSTREET BANK
1650 S LAKE ST
FOREST LAKE, MN 55025

This lender issued this SBA small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

10/25/2006

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Lindstrom MN, you ought to talk with a local Lindstrom SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lindstrom businesses.

This SBA loan was for $55,000. How would you spend $55,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Who Lends Money to Small Businesses in Forest Lake, Minnesota

SBA Minnesota Lenders