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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Blaine, Business Loans > Boundary Waters Bank Blaine Business Loans > Commercial Printing Loan | ||||
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SBA Lender Blaine, Minnesota
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Blaine, Minnesota Bank Gives SBA Loan to Commercial Printing CompanyWant to talk with a Blaine, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Blaine bank, that was approved by the SBA. Applying for an SBA loan with Boundary Waters Bank worked out well for our friends at one local firm in Minneapolis, Minnesota. The business was able to get an SBA loan for $150,000. Great job! SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender BOUNDARY WATERS BANK 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 2759 - Commercial Printing NAICS Code 323119 - Commercial Printing Loan Approval Date 5/13/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 16 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Boundary Waters Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Boundary Waters Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Bank Loans in Blaine, Minnesota
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