Highland Bank SBA Loan to Building Finishing Contractors Company
Highland Bank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Minneapolis, Minnesota was able to borrow $50,000 from Highland Bank. The SBA made the loan possible by guaranteeing $25,000 of this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: BUILDING FINISHING CONTRACTORS
MINNEAPOLIS, MN 55413
SBA Loan Lender
HIGHLAND BANK
701 CENTRAL AVE EAST
SAINT MICHAEL, MN 55376
This bank 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
238390 - Building Finishing Contractors
Loan Approval Date
3/22/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 existing jobs.
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Many small businesses receive loans backed by the U.S. Small Business Administration.
We've showcased information on this loan to let you know that businesses like yours 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:
Bank Credit Lines
SBA Participating Banks in Saint Michael, Minnesota
SBA Minnesota Lenders