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December 22, 2024  
 
 
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Raising Money in Minneapolis, Minnesota With SBA Loans

 

 
Loan Census SBA Loan Info

Financing for Window Treatment Stores

With these loans for window treatment stores, the SBA guarantees the lender that the loan will be repaid. This window treatment stores loan for $25,000 was given to a Minnesota entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Citizens Independent Bank, out of Saint Louis Park, Minnesota. The loan was granted and they received $25,000 to help grow their Minneapolis, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: WINDOW TREATMENT STORES
MINNEAPOLIS, MN 55403

SBA Loan Lender

CITIZENS INDEPENDENT BANK
5000 W 36TH ST
SAINT LOUIS PARK, MN 55416

This debt financing 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

442291 - Window Treatment Stores

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citizens Independent Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Saint Louis Park, Minnesota

Getting a Business Loan in Minnesota