Tcf National Bank SBA Loan to Personal Services Company

Searching for a Minnesota small business loan? Here's one Minnesota business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Tcf National Bank, out of Edina, Minnesota. The loan was granted and they received $128,325 to help grow their Maple Grove, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
MAPLE GROVE, MN 55369

SBA Loan Lender

TCF NATIONAL BANK
3330 W 66TH ST
EDINA, MN 55435

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

Loan Approval Date

3/23/2000

Loan Approval Gross Amount

$128,325

Loan Approval from the SBA

Of the total $128,325 loan amount, the SBA guaranteed $96,243.

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 9 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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Where to Get an SBA Loan in Edina, Minnesota

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