Entrepreneur Works With Saint Paul, Minnesota Bank to Get an SBA Loan

Get to know Saint Paul, Minnesota banks that specialize in SBA loans and know how to work with entrepreneurs. Alliance Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Lino Lakes, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Alliance Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
LINO LAKES, MN 55014

SBA Loan Lender

ALLIANCE BANK
120 TOWN SQ, 444 CEDAR ST
SAINT PAUL, MN 55101

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

10/26/2006

Loan Approval Gross Amount

$398,400

Loan Approval from the SBA

Of the total $398,400 loan amount, the SBA guaranteed $298,800.

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 9 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Lino Lakes 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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