Loans for Mobile Food Services

With these loans for mobile food services, the SBA guarantees the lender that the loan will be repaid. This mobile food services loan for $15,200 was given to a Minnesota entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Melrose, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Freeport State Bank, based in Freeport, Minnesota.

SBA Loan Borrower

COMPANY TYPE: MOBILE FOOD SERVICES
MELROSE, MN 56352

SBA Loan Lender

FREEPORT STATE BANK
111 MAIN ST EAST
FREEPORT, MN 56331

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

722330 - Mobile Food Services

Loan Approval Date

8/13/2007

Loan Approval Gross Amount

$15,200

Loan Approval from the SBA

Of the total $15,200 loan amount, the SBA guaranteed $7,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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