First National Bank - Menahga & Sebe SBA Loan to Lumber And Other Building Materials Dealer Company

An SBA loan from First National Bank - Menahga & Sebe typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Menagha, Minnesota business owner got a $122,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Menagha, Minnesota, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First National Bank - Menahga & Sebe, based in Menahga, Minnesota.

SBA Loan Borrower

COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER
MENAGHA, MN 56464

SBA Loan Lender

FIRST NATIONAL BANK - MENAHGA & SEBE
21 MAIN ST NE
MENAHGA, MN 56464

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

5211 - Lumber and Other Building Materials Dealer

Loan Approval Date

5/10/2000

Loan Approval Gross Amount

$122,000

Loan Approval from the SBA

Of the total $122,000 loan amount, the SBA guaranteed $91,500.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Menagha MN, you ought to talk with a local Menagha SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Menagha businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $122,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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