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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Champlin, Business Loans > Maple Bank Champlin Business Loans > Landscaping Services Loan | ||||
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MN Business Loan from Maple Bank
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Maple Bank SBA Loan to Landscaping Services CompanyMaple Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Minnesota entrepreneur was able to get a loan to take a small business to the next level. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Maple Bank, out of Champlin, Minnesota. The loan was granted and they received $150,000 to help grow their Maple Plain, Minnesota business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender MAPLE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561730 - Landscaping Services Loan Approval Date 2/20/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs. Getting an SBA Loan For Your Business If you want money for new small business in Maple Plain MN, you ought to talk with a local Maple Plain SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maple Plain businesses. While you may be able to borrow money from friends and family, 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: Obtaining Funding - How to Borrow Money Find an SBA Lender in Champlin, Minnesota SBA Participating Banks in Minnesota
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