Small Business Loans for Commodity Contracts Brokerage

Looking for small business loans for commodity contracts brokerage? Talk to a banker who works with the SBA. This $2,000,000 commodity contracts brokerage loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Mentor, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Border State Bank, based in Thief River Falls, Minnesota.

SBA Loan Borrower

COMPANY TYPE: COMMODITY CONTRACTS BROKERAGE
MENTOR, MN 56736

SBA Loan Lender

BORDER STATE BANK
1528 HWY 59 SOUTH
THIEF RIVER FALLS, MN 56701

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

523140 - Commodity Contracts Brokerage

Loan Approval Date

1/23/2006

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,460,000.

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 500 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Microlending as a Small Business Funding Source

SBA 7A Banks in Thief River Falls, Minnesota

Getting a Business Loan in Minnesota