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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Plymouth, Business Loans > Associated Bank Plymouth Business Loans > Taxi Service Loan | ||||
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How to Get SBA Loans in Minneapolis, Minnesota
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Loans for Taxi ServiceWith these loans for taxi service, the SBA guarantees the lender that the loan will be repaid. This taxi service loan for $70,000 was given to a Minnesota entrepreneur in 2001. This company knew how to go about getting a business bank loan. Based in Minneapolis, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Associated Bank, based in Plymouth, Minnesota. SBA Loan Borrower COMPANY TYPE: TAXI SERVICE SBA Loan Lender ASSOCIATED BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485310 - Taxi Service Loan Approval Date 10/19/2001 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 22 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Associated Bank and they will explain how you can get an SBA loan for your company. 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 Participating Banks in Plymouth, Minnesota
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