Raising Money for Meat Markets

With these business loans for meat markets, the SBA guarantees the lender that the loan will be repaid. This meat markets loan for $237,100 was given to a Minnesota entrepreneur in 2007.

Getting a small business loan in Melrose, Minnesota was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Freeport State Bank, operating out of Melrose, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT MARKETS
MELROSE, MN 56352

SBA Loan Lender

FREEPORT STATE BANK
219 E MAIN ST
MELROSE, MN 56352

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445210 - Meat Markets

Loan Approval Date

9/10/2007

Loan Approval Gross Amount

$237,100

Loan Approval from the SBA

Of the total $237,100 loan amount, the SBA guaranteed $177,825.

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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Freeport State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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