Where to Get Capital for Farm Supplies Wholesalers

Looking for SBA loans for farm supplies wholesalers? An SBA loan may be just what you've been looking for. This $1,600,000 farm supplies wholesalers loan was issued by a Minnesota bank.

This small business knew how to go about getting a business bank loan. Based in Maple Plain, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bremer Bank, based in Eagan, Minnesota.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES WHOLESALERS
MAPLE PLAIN, MN 55359

SBA Loan Lender

BREMER BANK
1995 RAHN-CLIFF CT
EAGAN, MN 55122

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

7/22/2004

Loan Approval Gross Amount

$1,600,000

Loan Approval from the SBA

Of the total $1,600,000 loan amount, the SBA guaranteed $1,440,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents 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

SBA loans provide money to small business owners for working capital for other expenses.

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.

Related Links:

Accountant's Role in Securing Financing

Small Bank Loans in Eagan, Minnesota

Getting a Business Loan in Minnesota