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November 21, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Chem Station Loan | ||||
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Good Sources for Minneapolis SBA Loans
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Borrow Money to Buy a Chemstation sells Indus. Cleaners FranchiseBorrowing money to purchase a Chemstation sells Indus. Cleaners franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Chemstation sells Indus. Cleaners franchise? If so, here's a 2007 SBA franchise loan that you should know about. U.S. Bank National Association was the lender and the entrepreneur was based in Minneapolis, Minnesota. SBA Loan Borrower CHEM STATION SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325998 - Chemical Product and Preparation Manufacturing Loan Approval Date 12/26/2007 Loan Approval Gross Amount $619,000 Loan Approval from the SBA Of the total $619,000 loan amount, the SBA guaranteed $464,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Chemstation sells Indus. Cleaners franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Banks for San Diego, California Loans
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